Do you have a feeling about what the market will do next?
That's smart. But waiting is okay, too.
There's nothing wrong with seeing what direction things head and then reacting.
But if you're impatience, Rob's got some solutions for you.
Last chance to pre-register for Rob's event in just a few hours.
If you're busy this morning, clear your schedule, because Rob's sharing a pick, three of his favorite strategies, and his thoughts on the choppy market.
Rob's a bear and he's proud of it. He wants you to be ready to take advantage.
This is an SPX chart (the S&P 500) for the last month or so.
There's a few things to notice: first of all, it looks pretty clear that the markets topped out around February 15 or so, and they have't reached those levels since.
Second, there's no question that the few green candles we've seen are hitting up against a line of resistance, and that resistance seems to be sloping downward.
But, for the hopeful-minded out there, there does seem to be a line of support keeping these markets from dropping too low.
That is a wedging pattern, and what it means is that a breakout is probably coming soon. The question you have to ask is: which way will it go?
I obviously don't see the future (I'm talking to NASA about joining an experimental program, but for the time being I'm still limited in that capacity).
But I've been predicting a bear market for a long time. You probably know that if you've been paying attention.
And while I'm not alone in that, a lot of folks certainly disagree and think 2021 is going to be amazing.
Here's what you have to remember though: either way these markets break are fine for us.
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