Special Training Report - For The Week Of April 10, 2006

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Weekly Report - For the week of April 6, 2020Page 1Market OverviewFigures for March Nonfarm Payrolls were released on Friday. And, the -701,000 figure reportedwas far below some analyst's expectations.In the week ahead, traders may want to remember that PPI figures for March are due on the 9th.QQQ DailyStarting this week's analysis with the QQQ daily chart above, we can see that this market startedthe week higher. And, after challenging the previous weeks high, the market finished near thehighs for the day.Disclaimer: Trading involves risk of loss. This document is for educational purposes only and should not be construed astrading recommendations. As such, any trading decision you make is your responsibility and you should consider advicefrom you broker or financial advisor before taking action. Neither Trading Synergy, Inc. and Sam Perdue can be heldresponsible for your financial losses. Past performance is not indicative of future results.This document may not be reproduced in part or whole without express written consent.Copyright 2020, Trading Synergy Inc.

Weekly Report - For the week of April 6, 2020Page 2On Tuesday, the market began the session slightly lower. And, after reaching a new high, themarket slipped and finished in the bottom portion of the day's range.When trading resumed on Wednesday, the market began the trading day with a gap to lower lowson the open. And, after a rally to fill the gap, the market slipped and finished lower on the day.Thursday's trading session began slightly lower. And, after challenging the previous day's low, themarket rallied to finish around the middle of the day's range.On the final day of trading for the week, the market began the session slightly lower. And, afterlosing ground during the day, the market backed away from session lows to finish around themiddle of the day's range.QQQ 120 MinuteDisclaimer: Trading involves risk of loss. This document is for educational purposes only and should not be construed astrading recommendations. As such, any trading decision you make is your responsibility and you should consider advicefrom you broker or financial advisor before taking action. Neither Trading Synergy, Inc. and Sam Perdue can be heldresponsible for your financial losses. Past performance is not indicative of future results.This document may not be reproduced in part or whole without express written consent.Copyright 2020, Trading Synergy Inc.

Weekly Report - For the week of April 6, 2020Page 3Drilling down to the 120 minute time interval for the QQQ, we can see that IntrepidTrader hasidentified the current wave as wave four on this timeframe. Also, we can see that the fourth wavetrades to the 196.00 price area.When some traders see the market enter the fourth wave, they may begin to ask themselveswhen the corrective wave will be over, and the market resume its trend. And, if a trader hasbenchmarks by which to make this determination, it may give him an edge in the markets.One of the benchmarks that seasoned Elliott wave traders look for to determine whether or notthe current wave is finished is to compare the current correction to the corrections within thecurrent wave. This method allows a trader to compare the market's current behavior to itsprevious behavior. And, this is very different than employing an optimized backward-lookingindicator.To employ this benchmark in the chart above and determine whether or not the fourth wave couldbe over, a trader would compare the correction, which begins at the end of the fourth wave withthe previous correction within wave four. In this case, the corrective wave within wave four wouldbe wave B. So, to make the calculation, a trader would take the length of wave B and add it to theend of the fourth wave. This would allow him to make a determination as to whether or not thecurrent correction is greater than the previous correction within the fourth wave.While this and other technical analysis techniques are not infallible, they do provide a trader witha way of comparing or contextualizing the current information that is gleaned from a price chartwith previous information available on the chart. In doing so, a trader is more able to align himselfwith the market rather than fight it.In the week ahead, traders may want to watch the 120 minute time interval for the QQQ. If thismarket decides to trade below the end of wave three (shown in red) within this bearish five-wavesequence, this will be our confirmation that we are in the fifth wave on this timeframe. However, ifthis market decides to sustain its corrective tone, it is possible that the minor ABC correctionwithin the major fourth wave could relabel.Disclaimer: Trading involves risk of loss. This document is for educational purposes only and should not be construed astrading recommendations. As such, any trading decision you make is your responsibility and you should consider advicefrom you broker or financial advisor before taking action. Neither Trading Synergy, Inc. and Sam Perdue can be heldresponsible for your financial losses. Past performance is not indicative of future results.This document may not be reproduced in part or whole without express written consent.Copyright 2020, Trading Synergy Inc.

Weekly Report - For the week of April 6, 2020Page 4SPY DailyContinuing to the SPY daily chart above, we can see that this market started the week slightlyhigher. And, after a brief dip into the red, the market continued to rally as the trading dayunfolded. All in all, the market finished higher and near the highs for the day.Tuesday's trading session began slightly lower. And, after a brief rally, the market lost ground andfinished near the lows for the day.When trading resumed on Wednesday, the market made a gap lower on the open. And, afterfilling the gap, the market finished slightly lower on the day.On Thursday, the market began the session slightly lower. However, the market was able to rallyhigher as the session unfolded. All in all, the market finished higher and near the highs for theDisclaimer: Trading involves risk of loss. This document is for educational purposes only and should not be construed astrading recommendations. As such, any trading decision you make is your responsibility and you should consider advicefrom you broker or financial advisor before taking action. Neither Trading Synergy, Inc. and Sam Perdue can be heldresponsible for your financial losses. Past performance is not indicative of future results.This document may not be reproduced in part or whole without express written consent.Copyright 2020, Trading Synergy Inc.

Weekly Report - For the week of April 6, 2020Page 5day.Friday's session began with a lower open. And, even though the market exceeded the previousday's high, it seemed unable to rally much higher. Instead, the market lost ground during thesession and finished around the middle of the day's range.SPY 120 MinuteMoving down to the 120 minute time interval for the SPY, we can see that IntrepidTrader hasidentified the current wave as wave four on this timeframe. Also, we can see that the fourth wavetrades to the 262.50 price level.A gap occurs when the range of one bar or candlestick does not overlap with the bar orcandlestick, which precedes it in the chart. When this happens, there may appear to be a break inDisclaimer: Trading involves risk of loss. This document is for educational purposes only and should not be construed astrading recommendations. As such, any trading decision you make is your responsibility and you should consider advicefrom you broker or financial advisor before taking action. Neither Trading Synergy, Inc. and Sam Perdue can be heldresponsible for your financial losses. Past performance is not indicative of future results.This document may not be reproduced in part or whole without express written consent.Copyright 2020, Trading Synergy Inc.

Weekly Report - For the week of April 6, 2020Page 6an overall trend.When a gap is observed on the chart, this typically means that the market is moving very quickly.Therefore, it's not uncommon to find gap moves in a third wave since the third wave of animpulsive wave sequence tends to be associated with increases in volatility and momentum.Another interesting development that occurs or associated with price gaps is that the markettends to retrace to these price areas. This is known as filling the gap. As such, the observance ofa price gap can provide technical traders with useful information when entering or exiting themarket.In the week ahead, traders may want to watch the 120 minute time interval for the SPY. If thismarket decides to trade below the 217.50 price level, this will be our confirmation that we are inthe fifth wave on this timeframe. However, should this market decide to sustain a move above the262.50 price level, it is possible that the minor ABC correction within the major fourth wave couldchange.Good Trading,Sam PerdueDisclaimer: Trading involves risk of loss. This document is for educational purposes only and should not be construed astrading recommendations. As such, any trading decision you make is your responsibility and you should consider advicefrom you broker or financial advisor before taking action. Neither Trading Synergy, Inc. and Sam Perdue can be heldresponsible for your financial losses. Past performance is not indicative of future results.This document may not be reproduced in part or whole without express written consent.Copyright 2020, Trading Synergy Inc.

Weekly Report - For the week of April 6, 2020 Page 3 . A gap occurs when the range of one bar or candlestick does not overlap with the bar or candlestick, which precedes it in the chart. When this happens, there may appear to be a break in . Special Training Report - For the week of April 10, 2006

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