Markets have been rough since December.
But there are signs positive momentum is returning.
Let’s start with a bearish pattern I talked about last week.
Chart of the Day
Last Thursday, I showed you this chart.
These are two bearish “head-and-shoulders” patterns that have formed in the S&P 500.
The first pattern failed.
Instead of the market falling below the “neckline” – the first white horizontal line – it rebounded instead.
I said that if the second bearish head-and-shoulders failed as well, that could signal positive momentum is returning to the markets.
That’s exactly what has happened.
Now, we’ll need a few more trading days to really confirm that this bearish pattern has truly failed.
But things are looking good.
This is not to say that there aren’t areas of concern I’m closely monitoring.
For instance, participation is still weak, and a broader – rather than a narrower – rebound would be more constructive.
Regardless, there’s no reason you shouldn’t be participating in this market.
Insight of the Day
The best time to take advantage of a rebound is right in the beginning.
The longer you wait to capitalize on the rebound, the lower your potential gains.
Of course, there’s a balance to be struck.
Waiting for confirmation lowers your risk – even if it also reduces your potential gains.
Meanwhile, if you jump in at the beginning – and it turns out to be a bull trap – you could be caught flat-footed.
That’s the tradeoff.
But, if you know what you’re doing, you can actually “hack” that tradeoff.
The billionaire hedge fund managers and Wall Street titans do it all the time.
And tomorrow morning at 11 a.m. Eastern…
I’m going LIVE for a masterclass to show you exactly how ordinary traders with smaller accounts can do the same.
But be warned…
Even though the setups I’m demonstrating tomorrow have delivered returns like 287%... 542%... even 806%, all within a matter of weeks – or even days…
The “how” behind these setups could be considered highly controversial.
After tomorrow, you’ll know why.
So click here to save your seat or my live masterclass tomorrow morning…
And get ready to play this rebound just like the best traders on the Street.
I’ll see you tomorrow at 11 a.m. ET sharp.
Customer Story of the Day
“I joined TA on 7/25/24. When I joined I had no idea how transformative my trading journey would become since I started working with TA and Ross.
From the very first weekly group session, it became very clear to me that this program is not just about making trades; it's about building a comprehensive understanding of the markets and developing skills that I have been missing in my trading plan for success.
These have revolutionized my trading success and I believe they will transform yours too!
Ross has been exceptional in helping me become successful. I cannot believe the difference in my risk mitigation, confidence, and precision trade entries on very amazing trade setups.”
Ross Givens
Editor, Stock Surge Daily
