Friday, June 24, 2016

Elliott Wave Options Signals - Closed JCI for 48% Profit

Elliott Wave Signals

JCI decided to traverse higher for several days in what appears to be a "flat correction" with wave ((b)) [not shown] testing the Minor wave 1 high and reversing.  The decline this morning as part of Minor wave 2 satisfies my objective and therefore I closed the position at a nice 48% profit.  The original trade setup is located here.  Here is the trade conclusion:

Closed JCI July 15  41/45 put spread at $1.85 for 48% profit

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PLEASE NOTE: THIS IS AN ELLIOTT WAVE BLOG EXPRESSING AN OPINION AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. TRADE AT YOUR OWN RISK.

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