27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
S&P500 4h
S&P500 moved to the downside as expected; price fell into a third leg of decline counted from the highs which we think it represents a-b-c move, called a zigzag placed in wave iv). Price is now at 38.2% retracement area which comes in around that swing highs back from December that could turn into a nice support for a new reversal to the upside.
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S&P500 4h Elliott wave analysis
S&P500 1h
S&P Futures fell sharply to the downside yesterday, clearly in impulsive fashion, but don’t turn bearish too soon; now it’s time to be aware of a bigger picture. As you know we see current move down from the highs as a corrective retracement. Ideally it’s a a)-b)-c) down in wave (iv) now at the support, so be aware of an impulsive bounce. A rise back above 1826 will put this market back in bullish mode.
S&P500 1h Elliott wave analysis
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Elliott Wave Video Analysis: E-mini S&P500
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.