Home » Why I Want the Market to Fall

Why I Want the Market to Fall

Published November 28, 2023

Hey, Ross here:

The market pulled back slightly yesterday – right after coming off its fourth straight positive week.

But I’m not worried at all – because this was 100% expected.

Chart of the Day

When it comes to the major indexes, specifically the S&P 500, big levels of support and resistance are rarely blown through quickly.

The highs made in early 2023 became resistance three months later when the S&P returned to that level. It took 6 weeks of trading to consolidate, absorb the supply, and mount another rally higher.

This same level then became resistance when the market pulled back in September. What was resistance often becomes support and vice versa.

We are now again at a key level – approaching 460 on the SPY (or 4,600 for the S&P index).

This was the high of the rally that ended in late July. Anyone who gave into FOMO and bought at those highs has been underwater the rest of the year and eager to exit at breakeven.

As such, it will likely take a few weeks to digest those sellers before continuing the rally into new highs.

Insight of the Day

A shallow pullback now would be positive – not negative – for the market.

I love it when markets go up because it’s easy to make money.

But what I would like to see right now is a shallow pullback over the next several weeks.

Why?

Because this would give the market time to digest the big upward move of the past month – which could set up an even bigger run after that.

Based on yesterday’s price moves, this pullback could already be starting…

Which is why you want to get in position now – and set yourself up for maximum success when the even bigger second rally hits.

And it’s also why I’m going LIVE right now for a masterclass in using my “easy mode” strategy for positioning yourself in the highest potential stocks.

This strategy has a 92% open win rate right now, with the size of the open gains absolutely dominating the losers…

And I believe the best is yet to come.

So click here to join me in the live room now…

And let me show you how to trade smarter.

Embrace the surge,

Ross Givens
Editor, Stock Surge Daily

Stocks within Article - Stock Symbols

Market, Stock Charts, Stock Market, stocks, Stocks to watch, Surge Stock Indicators

Even Bill Gates himself has said that generative AI has “peaked” and that the next version of ChatGPT won’t be much better than the current version.

So where will the next wave of AI innovation – and profits – come from?

Ross Givens

I bought my first stock when I was 12 years old. It was Microsoft. I’ve been a registered financial advisor. I’ve worked as a stock broker. I ran a managed fund. I was a Vice President at JP Morgan with Series 7, Series 66 and Series 3 securities licenses. I’ve been featured on Fox Business, CNBC, Bloomberg, and a bunch of other networks. The only thing I enjoy more than making money, is helping YOU make money.

STOCK SURGE DAILY

With Ross Givens

Looking for an edge? Ross has the inside scoop on top analysis that will help grow your portfolio.. Receive a new stock opportunity every day and get ready to see your investment SURGE!

Tech stocks are rallying – and Ross Givens’ #1 Tech Stock of the Decade has been making BIG moves you don’t want to miss.

Recent Posts

Réjean Roberge

November 28, 2023

I'm a new member of 'Insider Effect' and sent a support email and was responded to within minutes. It starts very well.

Philippe Rocher

I'm happy I recently opted in to the Ross Givens's Trading Club at Traders Agency (at the best and fairest offer I could possibly get). I'm new to trading U.S. stocks and options on a regular basis but it doesn't matter, Ross does all of the hard work for me while I'm trading at my own pace (he knows how to trade successfully most of the time and I know that I won't win every trade. Fair enough). He and his great team share a lot of their trading experience in live sessions. Great job. Thanks a lot!

CB Tudor

November 20, 2023

Excellent, very educative and honest service! Worth every penny and more.

Jay Herpick

November 11, 2023

I've found your buying of stocks and options very helpfull. Just wish I had found you folks five years ago. Your friend, Jay H

Ned Ewing

November 6, 2023

I've been working with Ross Givens and have learned a lot. Support has been very helpful and on top of response times. :)

donald macdonald

October 23, 2023

Great session! Ross explains everything well!

Jim Bowen

October 10, 2023

I started with Ross Givens and Trader's Agency GOLD in September of this year and have had some significant success on all but one of the trades he suggested. I have actually made 157% in profits over what I paid to join Traders Agency within my first 30 days. I am no stock expert and I want to know more about how to invest in the market. Ross's videos and strategy sessions are very insightful, and you can chat during the sessions to get his feedback. He's got all the tools at his disposal and has set up some good algorithms in order to help one understand the chaos and fundamentals to watch for in order to make a good investing decision. I have had other investment "helpers" that never yielded what I have within such a limited amount of time. I think Ross, and his team, is the "Real Deal"

Andrew O'Boyle

September 20, 2023

I have been a member of Traders Agency for 3 months. Ross is the real deal! I could not be happier with my results! Thank you Ross and the Traders Agency Team! I found my passion :)

Philip McElroy

September 14, 2023

World Class customer service and I would am really qualified to make this statement.