Hey, Ross here:
I mentioned yesterday that the market is likely oversold.
Today, let’s look at a chart that shows why that may be the case.
Chart of the Day
This is a chart from JPMorgan that shows the past couple instances of the market experiencing sharp momentum reversals.
According to the analysis accompanying this chart, JPMorgan believes the current selloff was 90% complete by the middle of last week.
What comes next is usually a bounce as investors realize the market is oversold.
Nothing is guaranteed.
But the odds are, we should prepare for a market bounce.
Insight of the Day
Market bounces happen when most don’t expect it.
Market bounces tend to take most people by surprise.
Think about it…
Stocks trade on expectations.
That means, if a bounce were widely expected, investors would have already bought…
And the market wouldn’t have become oversold in the first place.
That’s why the start of most market bounces catches people off guard – it happens when sentiment is still bearish and uncertainty is high.
If you want to take maximum advantage of a bounce, you need to position yourself early.
That’s why later this morning at 11 a.m. Eastern…
I’m going LIVE to show you my #1 strategy for positioning yourself in the stocks that could bounce the fastest and the highest…
All thanks to the institutional money flooding into these stocks.
This strategy shows you to spot the tell-tale “pressure points” that indicate this institutional money could be pouring in…
Allowing you to use their money for your profits.
It’s the perfect strategy for this oversold market – where retail traders are still running around like chickens with their heads chopped off.
In my live session, I’ll be breaking down how to spot these “pressure points” step-by-step…
This “pressure points” strategy could have you sitting on a 183% open gain currently, and this could just be the start.
So if you haven’t yet, click here to “lock in” your spot for my live session later this morning…
And I’ll see you in a few hours at 11 a.m. ET.
Customer Story of the Day
“Top drawer recommendations for portfolio growth and trade advice. Good for learning how to manage the bank.”
Ross Givens
Editor, Stock Surge Daily
