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

SUBSCRIBE

Move from reacting to predicting market flow. Join TG’s “Profit Pilot” E-Letter to get actionable insights from his chart analysis so that you can finally catch trends on time.

We will never sell your information to any third parties.

Get actionable market insights!

Join TG's Profit Pilot newsletter to get his chart analysis and market flow predictions, so you can finally catch trends on time.

We will never sell your information to any third parties.