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Market ‘Fake Out?’

After one of the biggest down days on Tuesday, the market has since held and flagged for the day. Zero follow through to the downside so far.

Will Thursday continue down or will there be a surprise upside move?

I mention this because the put/call ratio is super high and the SPDR S&P 500 ETF Trust (SPY) is holding some moving averages. Time will tell, but we have some events coming up that could both hold and move the markets.

Let’s take a look at how this might play out:

When working to avoid a stock market “fake out,” traders need to understand how the market and individual stocks move when facing outside influences. Combine fast-moving signals with the Moxie Indicator™ Mastery Program, and traders have a way to track market changes. The goal is to work through and trade whether the market is up or down. Dive a little deeper into this market today!

Your Profit Pilot, TG

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