Hey, Ross here:
Welcome to a new trading week.
With the market bouncing – then falling again – people are wondering what’s going on.
Well, as today’s chart explains, things are pretty much playing out exactly as I expected.
Chart of the Day
This is the Nasdaq moving exactly how I predicted a couple weeks ago.
Now, don’t get me wrong – the market is inherently uncertain, and timelines could easily shift.
For example, this short-term bounce could very well still continue…
With the final leg down only hitting, say, after the Fed meets at the beginning of November.
So, keep that in mind when it comes to timelines – you gotta stay flexible.
But when it comes to the pattern of how I believe the market will play out – my view is unchanged.
First comes the short-term technical bounce…
Second comes the final leg lower – sending the bulls into a panic…
And third comes the continuation of the bull market – at the point where everybody else thinks the market can only go further down.
Later this week, I’ll show you where I think the bottom will be, so keep a lookout for that.
As for what you can do in the meantime, well, the Insight of the Day addresses that.
Insight of the Day
Stay agile and look for opportunities where you can.
The biggest opportunity window that’s coming up is when the market bottoms (with most people not realizing it’s bottomed).
In every major market correction, the story is the same. Bottoms happen when conditions are at their worst. So that is when we want to buy.
But that doesn’t mean there aren’t quick opportunities we can seize in the meantime.
For instance, one of my top strategies spotlighted a biotech company early last week that’s now up nearly 10%.
That means those who took the trade could have booked a near double-digit gain in a span of just a few days.
Make no mistake, the opportunities are still out there right now – you just have to know how to find them.
So, if you don’t want to just sit around doing nothing while waiting for the market to bottom…
Then click here to get your hands on my flagship strategy right now (it’ll only cost you a few bucks)…
And see how you too could go after fast profits in this market.
Embrace the surge,
Editor, Stock Surge Daily