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"I can help you step into the panic and chaos of the markets and with calm precision, pull out the opportunities from the Eye of the Storm."

Are You Prepared for a Super Cycle Wave IV Correction?

 

The S&P 500 (ES) has reached long term resistance above 4500 into a cluster of Fibonacci resistance levels starting at 4505 to 45014 and then at 4520 to 4535.


While there remains the possibility for the market to continue the advance ultimately reaching resistance at 4555 to 4600 but the end result is likely to be the same. And that is a major Super Cycle Wave IV correction.

You will see in the video above that the bull market that I've been counting from a Super Cycle degree level all the way down to a Minor degree level has been in process from the 1932 depression lows!

That suggests the ES has been in a bull market for 90 years.


While there have been large corrections, with some being called "crashes" as in 1987, 2000 and 2009, those were on lower degrees with 2009 being the completion point of wave C of the Cycle degree wave 4 correction.

That correction took 9 years to unfold and ultimately wiped out 50% of the market value.

The same percentages were also felt in the DJIA and the NASDAQ. The crash of 1987 was labeled as a Primary wave 2 correction, with the 2000 decline being wave A of the Cycle wave 4 correction.

The correction now due is on a Super Cycle degree level and expected to unfold over the next 5 to 10 years.


There will be many trading opportunities for more active traders from position traders to swing traders to day traders. Those opportunities will include strong declines and strong rallies - many taking over a month to unfold.


The overall bias or trend will be bearish. It will involve a change in "mindset" from bullish to bearish. That may not be easy for many traders due to the negative connotations a bear market brings about.


Fear will dominate and often cause moments of panic and discourse as to when it will end and what damage can be done on several levels from corporate to government, to personal.


Being prepared and accepting what is happening not only in our country but globally is just as much an emotional and mental preparation, but one that includes long term investments in bonds, forex, precious metals, commodities, equities and all the various derivatives. 


Panic should not be on your To Do Prepare list!


I have found over my years that the best tool to fight fear is knowledge and acceptance. Knowing what and when to make changes keeps you in front of the chaos and not necessarily in it. It allows you to act instead of react. 


Please watch my video above to understand where the ES is now and what appears to be right in front of us ready to begin.


Then consider joining my Trade Room for daily updates and instruction in a live trading environment.


I am also offering additional Bundles for one on one coaching/ with the trade room. I will always leave several hours in the trading day open for members to receive one on one trade coaching in a live market environment.


This may also be a great opportunity to take advantage of my Summer promotions.


Check out my history in my bio on logical-signals.teachable.com.
Send me an email at [email protected] and ask any questions you may have.


My goal to to provide an educational space where members can feel comfortable and learn.

Perhaps you would like to do a deep dive into Elliott Wave learn the basics and the advanced techniques. If this is important to you consider purchasing my course "You Are Your Own Guru".  


The first 4 lectures are available for free - use the coupon code GURU4 at check out.

Learn how to correctly apply Fibonacci retracements and extensions. When to use them and what are the most common levels. Learn the Fibonacci relationships between the waves.

If this is your style then please consider one of my Summer Coaching/ Trade Room bundles. The opportunities coming will be immense and frequent for several months to come.

Knowing the probable path will allow for preparation and entry and exit levels from a daily perspective all the way down to a 2 minute chart perspective. 


I look forward to welcoming you as a future member of Logical Signals. 

Until then -- 
Michael Filighera

What is the Logical Signals Trade Room about?


The Logical Signals Trade Room will ALSO provide personalized coaching and a strong educational focus on strategies. 


I have found that many traders don’t realize the “stumbling block” that prevents them from being consistently successful in spite of their tenacity and dedication to the process. 


Breaking old habits in favor of developing new productive habits can remain in the darkness until revealed often by a coach. Developing skills to overcome doubt and fear are important, but the first step is always acknowledging that it exists. 


My goal through coaching is to help every trader find what their OWN stumbling blocks are.

Live Trade Analysis: We share our full analysis for every trade we take, including when we plan to enter and why, where our stop will be, and where our profit targets will be.


Education: We offer ongoing education and teach you how to identify when the market is trending or ranging and how to spot the best times to take a trade. We wait and let our trade set ups come to us. It is as important, or possibly more important, to know when NOT to take a trade as it is when to take a trade.


Live Discussion: Including several factors of trading such as psychology, risk management, position sizing and much more.


You’ll learn a number of different strategies that work in the now.  


We all know markets change and strategies always need to evolve and change too. That’s a fact you can’t ignore.


In my experience, the path to profitable trading has turned towards removing our recognized and unrecognized “road blocks.”


It used to be simpler to trade in terms of being able to label the market as bullish or bearish and then knowing how and when to trade.


But over the years, and particularly with electronic trading, it became much more complex. You can’t make bullish or bearish statements that actually mean anything in terms of making a good decision anymore.


People still do it, but it’s certainly not the basis for a sound trading decision. At any given time there are many groups and factions of traders in the market, all with their own particular reasons to be there.


There are day traders, index arbitrage traders, options traders, and a myriad of different algorithms at work. If you sit and try to figure out why they are buying or selling, believing the answer will enable you to make a good trading decision, you’re going to be wrong most of the time because there’s more than just one predominant reason the market is moving in a particular direction.


 I attempt to take that kind of thinking out of the equation.


To put it another way, I focus on the actual basics and keep it simple.

When you over-analyze, rationalize, come up with theories – even if they are informed by years of experience – you are either going to miss the trade or make a decision that is actually based on nothing real and therefore it won’t bring you consistent results.


The news is a good example of analysis that is a waste of time. They change their mind every other day. Clearly, their job is to engage their audience, but it doesn’t really matter if they say it’s going up or down – as long as they have some half-credible reasoning to back it up.


I hope you truly take advantage of what this opportunity can offer you.


1. Trading Schedule:
We meet and trade, Monday through Friday – with the room opening at 6:00 AM PDT and remaining open until 9:00 AM PDT. I often trade the entire session but would reserve that time for “live trading” coaching sessions.


2. List of Traded Futures:
S&P 500 (ES), NASDAQ 100 (NQ), and Gold (GC)

You're not just another anonymous profile in a busy trade room. That should be abundantly clear from the above. To put a fine point on it, your success is vital to me – that’s why the Logical Signals Trade Room is so valuable to members. So if you ever have a question, comment or concern – be sure to stay in close contact with me!


About Michael


I have been involved with the financial markets since 1979 when I got my start on the Pacific Stock Exchange Options trading floor.

I have traded on the London Traded Options Market, Amsterdam’s European Options Exchange and DTB in Germany.

My articles on technical analysis covering the major indices, bonds, currencies and commodities of Europe and the U.S. have been published internationally on SeekingAlpha, European Traders Daily, Global Market Strategist, and GMS Techstreet.com.

As a Market Maker on the San Francisco, Amsterdam and London options trading floors, I have studied the psychology both employed and self-employed by the most successful traders.

My mission with the Logical Signals Trade Room is to present personalized education using analysis and tools that contribute to being able to step into the panic and chaos of the markets and with calm precision and pull out the opportunities from the eye of the storm.

IMPORTANT DISCLAIMERS!

BY SIGNING UP, YOU AGREE TO THE FOLLOWING:


Stocks, Options, and Futures trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Stock, Options, and Futures Markets. Don’t trade with money you cannot afford to lose. This website is neither a solicitation nor an offer to Buy/Sell stocks and/or derivatives. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.


All material presented within The Logical Signals Live Trade Room (MJF1 Partners, LLC) is not to be regarded as investment advice, but for general informational purposes only. Day trading does involve risk, so caution must always be utilized. We cannot guarantee profits or freedom from loss. You assume the entire cost and risk of any trading you choose to undertake. You are solely responsible for making your own investment decisions. MJF1 Partners, LLC, its representatives, its principals, its moderators, its contractors, and its members, are NOT registered as securities broker-dealers or investment advisors either with the U.S. Securities and Exchange Commission or with any state securities regulatory authority. We recommend consulting with a registered investment advisor, broker-dealer, and/or financial advisor. If you choose to invest with or without seeking advice from such an advisor or entity, then any consequences resulting from your investments are your sole responsibility. All information posted is believed to come from reliable sources.


MJF1 Partners LLC does not warrant the accuracy, correctness, or completeness of information available from its service and therefore will not be liable for any loss incurred. Due to the electronic nature of the Internet, this website, and e-mail distribution services could fail at any given time.


MJF1 Partners, LLC will not be responsible for unavailability of use of its website or e-mails due to Internet bandwidth problems, equipment failure, or acts of God.


There is no guarantee past performance will be indicative of future results.