What 99% of Traders Miss About a Pullback
Hey, it’s Ross Givens here with the Chart of the Day. Today’s chart depicts the percentage of stocks trading above their 200-day moving average, a pivotal indicator of long-term stock direction. After a robust rally at the end of 2023, marked by a surge in this percentage, we’re now witnessing a significant decline. This suggests we might be entering the initial phases of a genuine pullback. But there’s a hidden aspect of this chart that many traders overlook – one that could lead to missing out on the present opportunity. Find out more in today’s Insight of the Day.
April 17, 2024
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