We’ve seen a 10% crash in the QQQ’s in just 3 days. There’s panic in crypto and blood on the streets! This move may have blindsided many, but not those who have access to the High Octane Scanner, which warned that this move was coming! Last week, the High Octane Scanner was showing Bearish after Bearish signals across the board.
And when you see this type of Bearish action, that’s definitely not the time to try to step in front of the freight train! I warned subscribers on Thursday that things weren’t looking good out there, and the selloff got MUCH WORSE for those that didn’t pay attention!
Don’t get left behind, the High Octane Scanner is included with every Total Alpha subscription.
Don’t miss these trading signals.
In Addition here’s what Happened to The Professor’s Pick On Thursday
I’ve been working with my programmers here at Raging Bull to develop a new and improved scanner for my strategies, and it picked up some really nice moves, which you can read more about here.
It’s vital to have cutting-edge technology to stay ahead of the curve and keep up with the competition. I mean, you’re trading against some of the brightest minds and biggest institutions in the world, and if you want to compete, you have to take your trading seriously. The High Octane scanner helped the professor find his latest pick.
Don’t get left behind, the High Octane Scanner is included with every Total Alpha subscription.
Don’t miss these trading signals.
The High Octane Scanner looks for when the 13/30 hourly crossover occurs, and when the daily chart and fundamentals line up with this crossover signal, I believe there is an increased likelihood that the trade will work in my favor.
Well, last week, the High Octane Scanner was showing Bearish after Bearish signals across the board as the markets started to trade lower from the descending triangle.
QQQ
While this scanner does not use prediction models, it does show what the market is doing historically.
And with so many bearish signals, it was telling me that many of the stocks that were tracked were all bearishly traded.
Why do I like to use the High Octane Scanner as a “market gauge”?
Besides the scanner finding stocks to trade, High Octane Scanner is also a gauge for how the market is doing on a day to day basis.
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And last week the scanner was suggesting that most of the underlying stocks are actually bearish. After seeing this, I warned subscribers On Thursday that most underlying stocks looked bearish and I was not looking to get into anything until this changed. Well things only got WORSE!
The scanner also started to puke red going into the close on Friday, suggesting that there could be a lot of selling pressure heading into Monday’s open as well.
When I see this type of action, I know I should be on the sidelines or looking for a short setup. On Thursday, the Professor let subscribers know about this short setup in UAL! Here’s what I sent out to subscribers:
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The Professor’s Picks:
- UAL : Buying Puts here with a break of the symmetrical triangle possibly coming this week
Mike Parks is trading a few bearish stocks in these markets with his MACD Boom Scanner.
And on the daily scanner he picked up a trade in UAL forming a bearish pattern with Fib targets to the downside.
UAL
If the bears take hold here, I’m expecting the lower support level in the symmetrical triangle to break and cause momentum to spur to the downside.
And if this happens I’m going to target the 127.2% fib extension level as my first area to exit at.
Well Here’s what happened next:
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So On Thursday not only did I say to stay away until things settled down and showed some bullish signals, WHICH THEY DIDN’T, But the Professor’s Bearish Pick absolutely tanked! I’ve been doing this a long time, and getting ready for the next great trade setup!
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