The big S&P 500 reached new heights. As you might expect, that translated into big gains for the E-mini S&P 500. As such, we have a Long Atlas Line signal stating off the day. The steep angle means that we are in for a big ride up or possible one or more intersections. If there was an intersection followed by a signficant drop (did not happen), then we would have gone with short trades and seen any long trades were less likely due to the distance of price vs. the Atlas Line. Get it? That’s what makes the Atlas Line such a great predictive tool!
The big news of the day was that the S&P 500 surpassed the 4,000 level. This was a new record. There were plenty of Atlas Line Strength and Pullback signals on the way up. If that wasn’t enough, you could have applied the Trade Scalper. That’s what John Paul does at 3:50 in this video. Look at all those signals! Some traders were blind to the fact that the day was anticipated to be a up-trending day. Can you imagine trading in the dark, constantly second-guessing whether the market was to suddenly drop? That’s not a good way to trade. Rather, we want to be positive, optimistic, and have real expectations about anticipated moves.
It was not necessary to take every signal. In fact, trading too much or too often subjects you to unnecessary risk. John Paul often advises to go with the best signals. With purchase of his methods, he explains the exact rules for such conditions and how to filter. You can use multiple methods as well, as demonstrated here.
Will we be seeing more big bullish days ahead? This year and last have been two of the most interesting to trade. Many signs point to 2021 exceeding new highs on a regular basis. Are you ready to take advantage of these projected opportunities?