Hello Trader, These are the weeks I live for. The weeks I get to take a stand AGAINST the market because my 2+ decades of trading and market education experience tell me the time is right! Folks, here at Raging Bull our gurus and educators are constantly âon the airwaves,â delivering LIVE educational and real-time trading events. So, sometimes, when market signals demand it, our gurus have to switch things up and alert members to actional market developments! And this past Thursday, when The Professor, Mike Parks, was educating members on trading â1,2,3 entries,â I just had to cut in front of Mike with a breaking announcement. Yes, I did it with such ferocity, because my conviction level was so high. Donât worryâ¦Mikeâs a big boy who has been trading for several decades, so his emotions are basically mush at this point. So what was so urgent that I had to interrupt Mikeâs session? Thursdayâs trading brought overwhelming evidence that a short-term bottom was about to develop in SPY and QQQ. After a long streak of favorable [Bullseye Trades]( over the past several weeks, this weekâs Bullseye idea to buy Puts in UVXY got off to a bit of a slow start. Hereâs the actual screenshot of that recommendation from Mondayâs alert to members: As a quick reminder, UVXY represents the short-term VIX futures ETF, so when youâre buying Puts in this ETF, youâre betting the VIX will fall, which typically coincides with a rise in SPY and QQQ. So, I had already been anticipating a drop in volatility (the VIX) to start the weekâ¦it just took a bit longer than expected for the process to gain steam. Through patience and conviction, this idea finally gained a head of steam on Thursday, which is the day I had to cut into our regularly scheduled education content to POUND THE TABLE that a bottom was imminent! What did I see that led me to this? Itâs like I said at the open, EXTREME SENTIMENTâ¦or in this case, EXTREME FEAR as revealed by the Fear and Greed Index and Put/Call Ratio shown below. Now, Iâve got a plan on how to play this market from here. The question, however, is DO YOU? Iâll be going live every Monday at 11 am to talk through my Bullseye Trade plan, but [youâll have to have access to this room](, and time is running out. There will also be âflash sessionsâ where I quickly get on and make a live trade! [Bookmark this link, and join me in the Bullseye Live room Monday at 11 am!]( To YOUR Success! Jeff Bishop RagingBull, LLC
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