Good morning, traders…
Ever since the major indexes started sliding lower in mid-February, traders far and wide have been asking themselves the same question…
“Is the bottom in?”
This is a classic dilemma for anyone trading a broad pullback or correction. How do you know when the overall selling pressure is fading away? How do you determine when it goes from “catching a falling knife” to an undeniable buying opportunity?
The first step is to understand “the why.” Why were stocks getting sold off in the first place? Was it purely due to trade policy, or were other forces bubbling beneath the surface?
Once you’ve figured out “the why,” then you can use technical indicators, market internals, and overall sentiment to gauge “the when” (i.e., when we can be confident that a bottom has been set).
These questions might sound ridiculous after the market has surged 22% in five weeks. You might be thinking that the bottom is obviously in…
But the market is designed to exploit that complacency. It has an uncanny way of doing this. As soon as traders are lulled into a false sense of security, only then does the market make a surprising left turn.
That’s why I want you to look at this question from all angles to make the most informed decision possible.
So, if you’re still struggling to decide whether the major indexes have hit a bottom yet, watch this video to hear my thoughts:
P.S. If you want access to the system that achieved an 89% win-rate with a 72% average gain…*
From which the top 120 trades have ALL generated 100% or higher — with 27 soaring above 200%, and 12 exploding beyond 300%…*
Then NOW is the time to start using my OMEN System.
Join the great Danny Phee this SUNDAY, May 18 at 4:00 p.m. EST for a LIVE OMEN WORKSHOP.
Space is running out — Click here to reserve your seat.
*Past performance does not indicate future results
