Hey everyone, Robert Roy, founder of WealthBuildersHQ.com. Welcome to this edition of Trade With Rob which is for Wednesday, June 23, 2021. Markets are closed recently within the last 15 minutes or so, so let’s go ahead first off and take a look at the S&P 500 and see where we’re at on the S&P.
So, we pushed up. Man did we push up today. Where did we get to? The very highest high was 4225.84. Our highest high was 4257.16, and today’s highest high was 4255, so we missed it by about a buck and half from the all-time high. We got really close. We’re going to bump our head on that. I shot a bunch of videos for socials today; you’re going to see a lot of trade setups and such. We actually picked up a phenomenal SPY trade at the end of the day. With that, let’s go take a look at our candidate, ALXN.
We’re looking a potential zero-line breakout. We got the breakout on the Fibs. We see the pullback to the moving average here, and it has failed back to the zero line. The 179.12. What I’ve love to see tomorrow is A, small move down – don’t need to see it hit. Give me .20-..30 down, I would be ecstatic and a bounce. If I can get a small move up, 181.75 is our first target, that’s where you would take half of the trade off, or if you have one contract or you don’t want to go to that second exit, you’d exit the entire trade there. If you have more than one contract, sell half at that first target, the second target is 185.50, and if you are wrong, 177.50 is where you’d be taken out of the trade. Hope it helps!