Hey, Ross here:
A new trading week is upon us – and I can feel it’s going to be a good one. I explain why below.
Chart of the Day
The market has finally broken above the level that we can see it has reacted off of multiple times in the past year.
Everytime we traded near it and were below it, the market had a sell off that lasted a few weeks.
Now that we are above it and have tested it multiple times we can look to see if it can replicate what it did on the downside to the top side.
When in doubt, zoom out.
Above we are looking at the weekly time frame because quite often we get caught aimlessly viewing the markets and aiming to force the market to show us what we want to see.
Zooming out gives us an eagle eye view for us to base our analysis on.
Current prediction: The market closed above this resistance level 2 weeks ago. The week before last the market traded below it as a test before ultimately trading and closing back above the resistance level.
Last week, we closed strongly above the level after we tested it as support. That’s a great sign.
If the market continues to rally then we should have a straight path to the 430 area as our next resistance zone.
P.S. Would you like special trade prospects and potential market moves sent directly to your phone? Text the word ross to 74121.
Insight of the Day
When the market goes on a run, hop on while it’s still early
The chart above tells me there’s a great chance the market is about to go on a nice upward run…
Meaning individual stocks are likely to rally even stronger.
When conditions like these happen, you want to get in early so you can go after the prime opportunities – the ones with the fastest and juiciest profit potential.
And one of the best ways to do that right now is watch for the telltale signs that institutional money is about to jump into a stock (because they’re not going to want to miss out on a rally)…
And get in right before they do.
I’ve developed an incredibly popular system for doing this based on my years spent on Wall Street…
And right now, you can get access to this complete system for just $0.99.
This offer comes off the table this week – so get it while you still can.
Embrace the surge,
Editor, Stock Surge Daily