The YM broke through the 20,000 level for the first time in the history of the universe and we were there to witness it in the live traderoom. At that very moment, the CPT signaled a long trade which broke through and ran up to a perfect Target 2. I snapped a screen shot at the time of the setup. Here it is:
YM Breaks 20,000 for the first time and the CPT grabbed a trade with a long entry at 20001 for a perfect target
If you have been following along, you probably know that the cash market Dow broke 20,000 during the premarket action. Futures lagged the cash market today and finally broke through around 9:54 cst. Of course 20,000 is just a number and the only real significance other than its a new all time high is that it is also a big round number and tends to stand out as a mile stone. The CPT didn’t know any of that and just indicated the next trade based on how and why it works. It is quite the coincidence that the long setup was literally one tick above 20,000 but the fact that it went to a perfect target is not a surprise considering what we’ve already witnessed countless times with the CPT.
We are gearing up for our big 2017 relaunch of the CPT in February so stay tuned, check back in for details and don’t miss out on a chance to get this proven winning strategy, which by the way, is ‘loving’ (as are we) all of this ‘brave new world’ market volatility.