Channel Magic
Channel Magic
UPDATE 10:19am EST: I swear I did not move those channel boundaries this morning:
As you might have noticed, I’m really getting excited about channels lately. It is actually an integral part of EWT, and I should draw them a lot more often – which I’m obviously doing now. The SPY banged its head against the upper boundary at the open and then recovered somewhat. However, I do think this would be a good spot for {b} of 4, so let’s see what happens this morning. If we push higher then we migh have to revise our target range for Minor 4.
UPDATE 10:32am EST: I just grabbed some April calls on MA – hat tip to Jen:
My mental stop is at 140 – which is roughly one ATR away.
UPDATE 11:28am EST: Zero subscriber ‘michealr’ (a.k.a. Mike) – your emails keep bouncing back – tried several times now.
