January 23, 2020

Very Strong Support Gives Us the Greenlight in ULTA.

If you follow my signals, you are well aware that I base my entries on technical levels to a great extent.  That brings us to ULTA.  ULTA exibited two very strong, coincident support levels that gave us a buy signal.

Check out the video below to see how we constructed our long call vertical spread.

Grab a free day pass to one of our live signal trading rooms today>>http://bit.ly/nl-freepass

Be sure to follow me on Twitter @MShorrCBOT.

about the author:

Mike Shorr

Since 1994, Michael has been an on-the-floor market maker, Vice-President of Interest Rate Derivatives for Knight Financial Products and Director of Education and Options Instructor at Trading Advantage. He makes the oftentimes complex world of options and trading accessible to the novice and advanced trader alike. Michael has a Bachelor of Science degree in Statistics and Finance from the University of Illinois Champaign-Urbana. He presently is Director, Trader Education at ProsperTradingAcademy.

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