Catch a Long Term Trend Using ETFs & Options

ETFs can offer some really cheap, defined risk option trades that are ideal for a small or large account. They are also great for longer term trend trades since the price volatility of the ETF is much lower than stocks or futures. XLF is a bit overextended on the daily time frame but has just recently triggered out of a Weekly Volatility Squeeze. Based on this trigger and looking at Fibonacci levels this is an ETF to add to your trading Watch List for a potential greater upside move. A potential price target is its Fibonacci .618 retracement level. http://youtu.be/c2vKB1DT0NM http://powercycletrading.com/

Comments

1. Finally an update that makes sense to be able to see if these theories work