🥳THE BULL IS STILL AWAKE and WE ARE WATCHING

ARE YOU SEEING THIS!?!?!

Hello Traders,

What we are seeing in the current market is what we want to see.

After a big drop and sell-off to the downside we have seen multiple days of range-bound trading on the S&P 500 and this my friends, is great news!

The big thing we are seeing is THE LACK OF SUPPLY!

After the S&P 500 rallied from around $3800 to around $4170 we have seen the S&P 500 HOLD onto its gains which makes us ask…WHERE ARE THE BEARS?

For the past 8 sessions, the S&P 500 has traded in a beautiful range from around $4090-$4185 which is about a 100-point range give or take.

The other big thing to watch is the 9EMA! Price action has been riding the 9EMA on the daily chart which has held as support!

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OUR OFFER TO YOU

If you like quality and are sick and tired of BS then we are FOR you. What I mean is, that some people will put out content just to please members which is fine, but, that content is just a bunch of nonsense.

27 A truly wise person uses few words;
    a person with understanding is even-tempered.

28 Even fools are thought wise when they keep silent;
    with their mouths shut, they seem intelligent.

GUY..GALS…LESS IS MORE!!! In this environment, we want to not lead our readers astray! Don’t be greedy be “even-tempered”

Join Us Today

Let me put a live example of what I mean.

On Twitter, a Stock Market Wizard David Ryan RARELY tweets. Since he never really tweets, when he DOES tweet we all listen. I see other traders tweeting 20-30 charts a day, every day and we stop listening because after a while it’s just ‘noise’ and I don’t want to be just ‘noise’ I want our reports to MATTER and the only way we gain IMPORTANCE is by focusing on QUALITY and not QUANTITY.

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So What Are We Watching?

Let’s go through some scenarios here so we hit multiple touching points in this section.

The Breakout

Once the bias confirms that bulls have gained control the move can accelerate. We say this because over $4,200 on the S&P 500 will show everyone that there was more demand than supply out of the equilibrium (base) and this can cause an acceleration because:

• Shorts Covering

• People on the sidelines cash coming into the markets

• Momentum buyers and breakout buyers coming in

The Breakdown

A breakdown below $4,090 could be worrisome if the candle does close below the 9ema.

I say this because monetary policy is bearish at its current state and it makes sense to go lower economically (but, economists are not good traders. Trade price action. Price action is key)

A close below $4,090 could cause:

• Panic Selling

• Short Selling

• Stop orders to get hit

The Trap

Traps in the markets are usually followed by the MOST DOMINANT RALLIES/SELL OFFS.

With this being said if the S&P 500 does indeed close below $4,090 and reclaims back above $4,090 and makes a rally then we would want to get LONG ASAP because…

• Shorts got trapped and have to cover

• Weak hands got taken out=less supply came to the market

Demand outweighs supply by a LONG SHOT and a breakout could be in the cards

PRO READERS

We want to put out a report tomorrow morning or mid-session talking about a few stocks that we like. We also want to congratulate everyone who NAILED the breakout on Crude Oil which we did alert on our report before the breakout. Bravo, well done.

This was a nice chart breakout out of a base here.

Soybeans is another one we alerted and it remains on high alert as it is nearing a potential breakout.

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