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Is This Where the Next Big Rally Begins?

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dailytradertalk.com

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team@dailytradertalk.com

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Wed, Jun 1, 2022 07:16 PM

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Now that May is in the books, we have an updated view on the market’s long-term market directio

Now that May is in the books, we have an updated view on the market’s long-term market direction. [image]() Now that May is in the books, we have an updated view on the market’s long-term market direction. Looking at the monthly time frame, we’ve identified a key U-turn level on the S&P 500 Index (ES) futures market. According to the research, we are now anticipating that the market could rally towards 6,436.25 over the next several years, which would represent a 9,000-tick move from current levels! That’s the longer-term setup, but I’ve also researched a short-term trade idea for this week… We’re looking to buy at a low price in the buy zone as the market moves from the bottom of its daily channel towards the top of its channel. [For all of the details on this week’s idea for the ES, click here to watch my latest video.](=) [image]() THE NEWS DESK [Where Warren Buffett is Finding Great Values in This Market]() In his 1986 Berkshire Hathaway Chairman’s Letter, Warren Buffett famously talked about fear and greed as “two super-contagious diseases…” [A Short-Term Setup in the NQ]() With the old adage of “Sell in May and go away” as a backdrop, today the market is setting up some trading ideas in the buy zone... [How to Mitigate Losses When a Trade Turns Against You]( It happens to the best of us. We get into a trade setup… only for it to turn against us. When that happens, how do we save ourselves from more pain than absolutely necessary? “I made $4200 and no losers!” Thanks Josh! I wanted to share some heart-warming stories from my students that have been able to succeed with the War Room program. Take Rick, who said “I made $4200.00 and no losers!!! Thanks Josh & Richard!!!” Or Brad who is “constantly over $1000 a day based on your teaching.” Or even some of my newer students like Erin who said she “made just over $5k last week.” All of these students have something in common. They took a chance on me, and joined my War Room. As a result, they were able to succeed in making more money than they ever expected. [Click here to see how it works and get started today!]() WORDS TO TRADE BY "The critical ingredient is getting off your butt and doing something. It's as simple as that. A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today. The true entrepreneur is a doer, not a dreamer." - Nolan Bushnell There's a well-demarcated line that divides dreaming from doing. Those who genuinely want to realize their dreams know that the rubber has to meet the road at some point. That can be difficult for people who are natural procrastinators. But to get anything done, you have to do it. You have to stop making excuses and get to work. No matter how small that first step is, take it! That's the only way to start walking the path of success. The best traders and business leaders didn't gain their success by daydreaming. Instead, they took their vision and made it a reality. You have to do the same! [image] Josh Martinez [Facebook]( [YouTube]( [Instagram]( Hypothetical or Simulated Results Our educational products rely upon hypothetical or simulated performance results. These results have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. There is a very high degree of risk involved in trading. For our full disclaimer, visit: [Unsubscribe]( Traders Agency 20 North Orange Avenue Unit 1100 Orlando, Florida 32801 United States (888) 483-5161

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