Larry’s E-Wave model for crude oil was right on the money, with black gold falling almost 14% in just the last two weeks, right on cue with the forecast.
This is paying off for you with profits of 23% in your ProShares UltraShort Crude Oil ETF (SCO). Now is the time to grab those gains, because the AI model is signaling a short-term bottom for oil coming up in mid-March, as you can see in the chart below …
According to the model, we can expect a bottom this week or next with a sharp rebound rally to the upside following in April. We intend to play that rally for even more profit potential, but wait for our signal.
In the meantime, here’s the action to take right away …
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For ALL Members who own SCO: Place an order to sell ALL of your shares of ProShares UltraShort Bloomberg Crude Oil, symbol SCO, at the market. Then, cancel your existing good-till canceled sell-stop. |
Go ahead and get this order in to your broker asap.
Unfortunately, not all trades work out as planned. We’ve had a nice string of double-digit winners lately, but you should have been stopped out of your positions in Direxion Daily 20 Year Plus Treasury Bull 3x Shares, symbol TMF, late last week when it hit our protective sell-stop of $17.10. Stand aside for now, we will let you know if we should re-enter the position in the future.
Also, don’t forget that your Edelson Institute Welcome Package will be coming soon.
Good investing,
Mike and David
