Monday’s Momentum & Day Trade Setups – SPY GDX

On Friday, April 2nd right after the stock market closed the charts flashed us another set of trade signals – SPIKE ALERTS

If you have been following my analysis the past month or two then you are well aware of just how accurate and profitable these simple Spike Trades can be within 12 – 48 hours.

Last week the market gave us 4 spike targets with three of them being winners in less than 36 hours. Also, we took advantage of gold shorting it just after the FED induced rally. We pocketed a quick 5.6% gain in just two days with that play also.

Anyways, below are the two spike trade setup for Monday showing where price is likely to move. This type of trade setup is perfect for day traders and momentum trader looking to squeeze a little more out of the market each week. I am working to automate these spike signals and potentially an automated trading system to execute them for us also.

If you want to know where the market is headed each day and week, well in advance then be sure to join my Pre-Market Video Forecasting service which is: www.TheGoldAndOilGuy.com

Chris Vermeulen