Jittery oversold bounce

Monica Kingsley Monicakingsley

S&P 500 ran higher following the weak retail sales and manufacturing data – another risk-on day in what‘s shaping up to be a local bottom. I didn‘t say terminal bottom, but local bottom – review the clues and distinctions made in your extensive Sat video enriched with Monday‘s action in yesterday‘s video.

All clients took part in the continued risk-on turn, and you‘ll want to review today‘s punchy video with market breadth and volatility clues for the stock market moves going into FOMC discussed – the prediction is not what you think (considering NVDA and TSLA – plenty of charts covered). Volatility chart itself is sending out clues, too.

Author

Monica Kingsley

Monicakingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020.

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