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Short Oversold Bounce?

The move up in the market last week made sense and I was communicating to the Moxie Indicator™ Mastery subscribers that I wanted to see higher prices in order to short into the pattern.

This was because much of the market got very oversold after about a three-week plunge. So we got the bounce, but I believe the overall trend of the market is lower and I am viewing this as a shorting opportunity, eventually.

Let’s look at the charts:

When looking for a bounce in an oversold market, traders need to understand how the market and individual stocks move. Combine fast-moving signals with the Moxie Indicator™ Mastery Program, and traders have a way to track market movement. The goal is to work through and trade whether the market is up or down. Check out the trampoline watch today!

Your Profit Pilot, TG

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