WEEKEND BETS: On Fridays, Wolfe Wave practioners may consider
buying next week SPY puts on charts when there are “pressure points” indicating
a lower opening on Monday. (The reverse
would be true on charts with up pressure points.)
A Wolfe Wave practioner, one that took my course, could clearly see the possibility of
enormous “pressure points” on this chart.
Pressure points are an indication that the price could be “forced down
with a vengeance.” (See lesson on
pressure points, from advanced lessons.)
Friday’s close:
SPY 186 put. Ask: 1.00. Monday’s
open: Bid: 2.20.
