It's still september 11th and I thought I would talk about tesla which is the exact opposite of the topic on my previous video today because Tesla is an expanding market not a contracting market and the real money is on the expanding market as long as you know how to pick your entries..... it's all about the trade location. when markets expand they expand higher and lower they are great opportunities for buyers and sellers as long as you pick the entry carefully. Even though nothing is guaranteed.I made a few sloppy comments but not enough to change the video so I decided to go with it.... I think most people will catch my blunders. There is one theme that I think is very important: If the market has a trending move and the market comes back and retests Where the market had previously gapped higher... and now the market looks like it's at a support level... you want to be very careful before you short a market that just came back down to support... and you think the market is going to break through the support. It's not a good plan much of the time... it's a low probability trade too often. call me cynical if you must, but if a market closes near the bottom of its range for the day where there is support and then the market opens the next day 25 points higher... somebody's buying all day from its high all the way down to the close... accumulating a long position... and they knew something about the news... I called them smart money not ethical money.I never would have seen this as a bear trap... a market that's giving you a clue before it happens and then it suddenly changes its position and you might be able to get on because it's coming down to support area after it's been trading Higher for a few days..... I don't know how to anticipate this kind of a reversal. but if the market traded down to support I wouldn't be a Seller...Unless I was shorting the market and trading down to support... but I would hope it didn't look the way this chart looked. I think the market gives clues before the takedown.
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