Hey, Ross here:
How do we know whether we’re in a healthy pullback?
Today’s chart helps answer the question.
Chart of the Day
One sign of healthy price action is previous resistance becoming support.
That’s what we see in the above chart of the S&P 500 – where the previous resistance is now acting as support for the current pullback.
This is also the case for the Nasdaq…
And the small-cap Russell 2000.
In short, the signs indicate that the current price action is still healthy.
Stay bullish.
Insight of the Day
Healthy price action attracts the “smart money” – which helps fuel the rebound.
We saw this in early AuguMost traders and investors have no clue how to interpret price action.
But the institutional “smart money” most definitely does.
And when they see a healthy pullback like the one we’re in now…
You can be sure they’re taking the opportunity to load up on certain stocks.
This actually helps fuel the rebound – attracting more buyers – and continuing the market’s upward trajectory.
As retail traders, we don’t have the market-moving firepower of these institutions.
But we can do the smart thing and use their big money moves to our advantage.
That’s why later this afternoon at 3 p.m. Eastern…
I’m going LIVE for a masterclass that will allow you to target the exact same stocks as these institutions.
The key is using my unique indicator which detects the buying pressure created by the institutional money flowing in.
I built this indicator after years in the heart of Wall Street.
And this year alone, you could have used this indicator to bank fast gains like 95%, 92% and even 362%.
But considering the speed of this pullback, gains like this could just be the beginning.
So, if you haven’t yet, make sure you click here to “lock in” your seat for my live masterclass later this afternoon…
And get ready to walk away with my complete playbook on this indicator, including:
- How to detect when buying pressure is building up in a specific stock…
- Why most traders are blind to this buildup of pressure (and miss out on big gains)…
- The formula for determining the exact point to jump into one of these “pressurized” stocks for maximum gains.
This could be the last pullback of 2024.
So be smart and use the “smart money” to your advantage now.
I’ll see you at 3 p.m. ET later.
Do try to login early if you can.
Customer Story of the Day
“I am new at trading and have bought many programs, Ross’s training is bar-none.
Ross is the first one I actually placed trades with. I only do one contract at a time and I am up $500 my first week.
My first trades were life changing to me! Thank you! Ross and your Team…
Eddie.”
Ross Givens
Editor, Stock Surge Daily
