Hey, Ross here:
The rally took a quick pause yesterday…
So let’s explore what this could mean in the Chart of the Day.
Chart of the Day
The rally has hit the resistance point for both the S&P 500 (above) and the Nasdaq (below).
One reason for this is Powell once again opening his big mouth in trying to keep the Fed’s window for further rate hikes open.
Since this is a pretty well-defined resistance level…
If the markets can break through this, then there’s a good chance the rally can continue.
Insight of the Day
Brief pauses in rallies are 100% normal and should be expected.
As I’ve said many times this year, stocks never go straight up.
Brief pauses in rallies are 100% normal and should be expected.
Still, when the market makes such a sharp reversal – as was the case for this rally…
It’s always worth being extra cautious and picking our targets carefully.
That’s why I’m going LIVE right now to show you my top strategy for identifying a very special class of stocks…
Stocks that not only have the wind at their backs…
But have “hidden” catalysts that could send their price shooting up even more.
So click here to join me in the live room now…
And let me show you how to sniff out the highest-potential stocks in this rally.
See you inside.
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
