Attached is the current chart I will be using to make trades on the NDX:
Low Risk:
When the NDX reaches the magenta line, sell. NDX will continue to the orange and reject at or back within the channel. After rejecting, NDX will form a bull trap on the way down that rejects for confirmation at the magenta line. Buy puts and hold to desired target.
Buy calls after a bounce from the green line.
High Risk:
Hold bullish position all the way to the orange line. Buy bearish position at the orange and hold all the way to the green. Buy bullish position as soon as a green touch occurs.
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We closed at 9/2 at 12,146. Tomorrow 9/3 is the top at 12,446.