🎙Stock Market Crash Or Rally? CANSLIM Stocks, Bitcoin Stocks and More...
Read our report today!
Hey Traders and VIP Members!
🎙AUDIO INCLUDED! LISTEN NOW
Back on July 20th, we issued a report turning very bearish as we saw technical reasons to sell short and take risk off.
The market then fell hard from $550 to $510 on the $SPY.
With the market fully rebounding from these losses, is now the time to buy or is another sell off in the cards?
Quality over Quantity
The "sell in May and go away" period is officially behind us as we enter September and kick off a new month.
Throughout the summer, we witnessed low-conviction chart setups, with many of the big tech names appearing overbought and unattractive from a risk-reward standpoint.
Now that traders are back at their desks, it's time to shift our focus to identifying where the quality setups will emerge as we head into this new month.
Market Breadth Check
Let's first assess where we stand this week in terms of current market conditions:
Are we leaning bullish or bearish?
Is it time to go risk-on or risk-off?