Updates for Tuesday 10/13/20

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Below is a time-delayed excerpt from our live updates for members

Updates 9:13 AM EST - Tuesday 10/13/20

Pre-market

• Pre-market $VIX is anchoring to rise.   So is UVXY.  
• Futures barely rose last night, and are forming short-term topping patterns.
• ​$NDX $SPX IWM are going to gap down by a small amount to start.

This is the profit taking process that we discussed at 2:25 AM today.   It is likely to start now for ​$NDX $SPX IWM, rather than surging into the orange zones first.  

Keep in mind that $NDX $SPX IWM up channels are still intact.   But prices are likely to swing down towards the lower edge of their channels, before they swing back to the upper edge of the channels again.   

Per our plan posted at 2:25 AM:

• We booked profit on the remaining 1/2 TQQQ.   
• (We have already booked full profit on TNA yesterday).
• Wait for prices to drop down to the green support zones.   
• Re-enter TQQQ and TNA to ride back up in their up channels.

Click here for our Signal Trades.   ​​​​

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