As I mentioned in my video recording, the Monthly Candle charts are looking extremely bearish for the next couple of months. Rarely do I suggest for our members to move to cash, but I want to make sure everyone is protecting their money as the technical signals continue to turn bearish. I’d rather exit the market now, and risk some profits on the upside, than to hold on and subject my account to the possibility of a major sell off. Ultimately, the decision is yours, but it’s hard to ignore the signals at this point.
Attached you will find a PDF file that outlines all of the details for this new position as well as the risk management plan for this trade. Please be sure to review all of the material before entering any trades to your account.
Happy Trading.
