GM Alberto...thanks for the comments. I have an email into the folks at RV about the stop/target being out of order. In terms of a longer explanation of how the targets were derived, I can understand that desire. However, these videos are not set-up to go into a deep dive, rather an overview of the rationale with the trade parameters. There is certainly an opportunity here at RV for a video series on education....let the folks over there know. .618 or 61.8? It really does not make a difference....a decimal converts to 61.8 when expressed as a percentage. Take care, Dave

Dave, regarding the %, I'm well aware: he said "point six one eight percent". He did say 'PERCENT'. You either go one way, or the other; can't have both at once. It know it's just a lapsus and I'm sure he's well aware of this too. Regards.

The Dave F. that you're conversing with is the same as the one in the video.

Alberto - regarding your request for more in depth explanation of wave theory or any other analysis approach, I understand the desire for that. However, the Technical Trader videos are not set-up for that type of content - just the rationale for the trade with a healthy dose of rationale. There will be forthcoming educational videos to deal with the nuts and bolts of analysis and basic trading principles. Stay tuned. Dave

Hi Chris.....IWM held in really well today despite the weakness in the S&P's....a good sign IMO....I remain long and also have a call spread on to play higher levels.

My pleasure Andrew

Johann, Thanks for the question. While there are some valid arguments on the fundamental side, these markets continue to ignore warning signs.....case in point, the flying pig....TSLA. Trailing stops? For sure. We always employ trailing stops here at Aspen when managing positions. Take care, Dave