$6k last week using this passive strategy powered by Hawkeye

The Hawkeye Traders E-Letter — Your No. 1 Source for Volume Trading Insights

Hi Trader, Yesterday was another wild one in the markets. The Dow gapped up more than 900 points by day's end… And it seems that "sentiment" is reaching new levels of positivity. But savvy Hawkeye traders knew that this was coming last week. How? My favorite reversal signal, of course… The green bottom. Check this out:

Here's a shot of the S&P 500 E-mini futures chart from yesterday. You can see the sideways consolidation pattern forming over the past four to six weeks… But see that huge green price bar all the way to the right?

That's a VERY strong green bottom indicating that we're about to see a reversal… In this case, to the upside. In fact, we saw this across multiple markets… Here's the Nasdaq, which is now within a stone's throw of pre-corona levels:

Check out that third candle from the left… There's the big green bottom, foreshadowing yesterday's massive move. And here's a view of the Russell, which stole the show with a 6.5+% jump on the day:

… And there it is yet again, that huge green bottom indicating a big reversal is on the way. Now, those three green bottoms occurred last Thursday, May 14… And we all saw how the markets performed yesterday. This is why I keep emphasizing that VOLUME is the ONLY true indicator that actually leads price… And why you need to be leveraging Hawkeye's powerful, proprietary volume-based algorithm in your own trading. Now if you haven't yet viewed our no-cost training class that walks you through the fundamentals of the Hawkeye methodology… Then I encourage you to click here and view it right now… So you can put the power of volume on your side and start understanding the market on a new level today!

"Crude Corner": Oil Industry Insights, Market Analysis and Price Outlook

Crude Corner Weekly Trade Recap: 5/11 - 5/15 Our bullish breakout confirmed a long entry at $27.15. We entered the trade with 3 targets — one contract to be executed at each target. Our first target was acquired at $28.35, locking in $1,200. Once that target contract was filled, we moved our stop to break even as there was no reason to risk our profit on the table for the remainder of the week. Targets 2 and 3 were never successfully filled. This being a passive, weekly trade strategy we closed out our 2 remaining contracts at the closing price of the 1400 EST candle on Friday afternoon at $29.59 paying us a generous $4,880. That puts the total take for last week at just over $6,000 using this strategy! Not too shabby for just having to set up the trade, move your stop to break even and close out the open contracts Friday afternoon.

Click here for more insights, analysis and outlook on this week's crude oil action!

The Hawkeye Team

Hawkeye Traders team1@hawkeyetraders.com hawkeyetraders.com

Call us: (888) 233-8598

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