Updates for Monday 7/6/20

See FAQ for more explanations on terms, labels and abbreviations that we use. 
Below is a time-delayed excerpt from our live updates for members.

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Updates 12:20 PM EST - Monday 7/6/20
Short Term Trades
TZA turned out to be a terrific trade this morning.   It retested 20.17 right after our 9:41 AM alert.   TZA rose all the way to 21.2.  

This was a highly profitable move for members who day traded.   But it is also part of a bigger-picture move for those who trade short-term swings.   

​Updates 9:41 AM EST - Monday 7/6/20
Short Term Trades
Our signal predicted the bearish reversal, and it is happening for $RUT IWM.

• TZA is on the move upward.   

• A retest of TZA near 20 is a low-risk high-reward setup to enter TZA.

Updates 9:18 AM EST - Monday 7/6/20
​Short Term Trades
In yesterday's weekend analysis, we share with you this key information below.   We are repeating it here for emphasis, because the signals are happening.

Here is the bearish combination of signals that we are monitoring for.   

• $NDX finishes forming a higher high Thrust 4. 
• IWM runs into resistance at the top of its pennant, which is also its orange resistance zone. ​
• $VIX gaps down and either reverses sharply upward, or spends the day in a tight range.  

And yes, we just observed this bearish combination of signals pre-market.

• $NDX is gapping up.
• IWM has gapped up into its orange zone.   Waiting for additional signs of failure to rise.
• ​$VIX is gapping down and starting to sharply reverse back up.

This is an indication to tighten stop or take profit with your Bounce8 $SPX $NDX positions.

This is also a low-risk setup to test TZA near 18.8 if you use a tight stop.

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Here's a comment from one of our members who successful day traded using our signal at the start of Monday 7/6/20.

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