Subject: TAOST Daily Wrap For Monday 16 July 2018

TAOST Wrap
Monday 16 July 2018 
Quote of The Day
"The government is NOT going to improve your retirement prospects." 

-- The Trader

As it stands right now, the legal Ponzi Scheme known as social security will run out of money within the next 20 years.  It's actually within 16 years as the year is 2034.  Given the current administration will still be in the White House for 2 of those years, we know nothing will be done to shore up the program until at least sometime in 2021... That gives the government 13 years to right the Social Security supertanker.

Ain't gonna happen.

While that social security check will not (and was never intended to) allow you to live BOSSlike, it's definitely a core component of many people's retirement plan(s).

You NEED to take steps now to protect yourself from falling victim to political whims.  

It may sound like I'm talking my own book given I'm a trading mentor, but the reality is, I don't much care what approach you take to create alternative/more income sources for yourself...

Just do something.
ES 15m
TAOST Power Zones were able to contain price for the entirety of this thinly traded day (less than 800k contracts). 
Summer Of TAOST BIAS 
My strategy on the BIAS today was to wait.  Volume didn't meet my requirements first thing this morning, so I thought allowing the market to trade for awhile would be prudent.  Awhile ended up meaning until well after 2pm.

Fortunately, it was worth the wait.

Note also that balance back to new high even after losses last week and account adjusting (2 July) -80 tick "trade."

SPX Daily 
The SPX was barely changed in today's thin market.  Remains in bull mode for now.
TAOST Chart of The Day
Disney [DIS] looks to be setting up an enormous weekly Bull Flag.
As always, make up your own mind and mind your risk no matter what you do.​​​​​​​

KIS,
The Trader​​​​​​​​​​​​​​

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