Hey Market Pilot,
Happy 4th of July!
While there is a lot of talk about the markets being so oversold that we should get a bear market rally, I don’t see the spark to light the kindling yet.
The SPY has been going sideways for a couple of weeks now and there are potential signs of a bullish setup.
But as I show with other tickers, this could all end up being bear flags as price goes sideways into down trending moving averages like the 50-day simple moving average.
Be sure to enjoy the holiday weekend and get ready for the second half of the year. Learn how my Moxie Indicator™ Mastery Program works through this uncertain market. Take a look to see how we’re charting our course!
Your Profit Pilot, TG