Tonight's Conference Call Topics

Here are some topic Ideas for tonight's Call:

The Past Weeks Action:

A discussion on the past weeks price action on the 4 Major Indices -

- RUT: Relative weakness to the other indices, still under the 200MA and 30MA on the daily
- NDX: Showing some weakness today despite a gap up on the morning, Rising Wedge forming on the daily chart.
- SPX: Showing some strength today on the heals of a strong DOW.
- DOW: Busted out of the downtrend line today, but lets see what happens tomorrow (busted out last week and fell down a few days later)

Feedback from the Chicago High Probability Class:

What scenarios do you see with the Fed Meeting and how do you plan to trade it?

Q&A

What topics do you suggest we chat about next week?

Next Week: Intro to trading Butterflies on the Indices. Butterflies offer a good way to cap risk, but offer a sizeable reward. My favorite aspect of the butterfly is that it puts time decay in your favor.