S&P 500 (Nadex:US500) 10:03 a.m. entry: Long the >2055 strike for a $64.00 debit with the index price at $2066.30.
Click on chart to enlarge.
|SPX at 10:15 a.m., 5 days 15-minute bars|
-- Tim Bovee, Portland, Oregon, June 30, 2015
My draft day-trading rules can be read here.
Several web sites summarize Elliott wave theory, among them, Investopedia, StockCharts and Wikipedia.
See my post "Chart Analysis: Nomenclature" for an explanation of my method for labeling waves on the chart.
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Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.License
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