It was a punishing week for the markets last week – as you can see from the solidly red Daily Direction table below.
The Fed meets this week, and while they’re likely to pause rates, what Fed Chair Powell says in the post-meeting press conference will have a big impact on where the markets go next.
The Daily Direction
Note: All indexes – except the Nasdaq – closed lower to end last week (although the Nasdaq was still down over 2% for the week). The S&P 500 is now also officially in correction territory – defined by being down by at least 10%.
The Daily Nugget
“Velocity begets more velocity.”
That’s a quote by one of Ross Givens’ favorite traders – Mark Minervini.
Essentially, it means that market momentum is self-reinforcing – largely because of how human psychology works.
And with Ross seeing a rally coming over the horizon thanks to the highly oversold market conditions right now…
There’s a good chance that the speed of that potential rally will catch many people by surprise – causing them to miss out.
You don’t want that to happen to you.
That’s why the best way to play this rally could be to follow the footsteps of the institutional investors…
The ones that’ll be driving this rally in the first place.
After years on Wall Street, Ross has developed a strategy for doing exactly that…
And until Halloween, you can grab it for just 99 cents by clicking here.
But don’t wait – because this rally could be over in an instant…
And the last thing you want to do right now is miss it.
The Traders Agency Team