Hey friend,
Not much data this morning – just the Chicago Business Barometer, a gauge of business sentiment.
It came in at a five-month low and below expectations.
Tomorrow, Fed Chair Powell gives a speech.
And later in the week, we get some major employment numbers.
Let’s see how the markets have been moving.
The Daily Direction
Note: All indexes closed higher to end last week – sending the S&P 500 and Nasdaq back to all-time highs. Markets opened higher this morning as well. No change in any index directions.
The Daily Nugget
Markets don’t repeat, but they do rhyme.
You may have heard the phrase “history doesn’t repeat, but it rhymes” before.
Well, the same is true for markets.
No two market scenarios will ever be exactly the same.
The narrative and environment will always be different.
But if you know what you’re looking for, there is always a familiar rhythm.
The best traders understand that rhythm…
Using it to position themselves at critical inflection points in the markets.
Take for instance, the consolidation period we saw on the way to new highs – as the market “digested” the rebound from the April lows.
One of the big narratives around that consolidation period was the Middle East conflict.
The narrative around the next consolidation period will be different…
But the rhythm will likely be the same.
As Head Trader Ross Givens said, we’ll most likely see another consolidation period very soon…
And just like the last one, it will likely be a prime positioning opportunity.
So, if you missed the last positioning window – don’t let yourself miss the next one.
Tomorrow morning, July 1, at 11 a.m. Eastern…
Ross is going LIVE to show you how to exploit the same powerful pattern that’s likely to form in the broader markets…
And show you how to easily apply it in your own trading…
He’ll also share some of the top setups this pattern is forming in select stocks…
So you know exactly where you want to focus your energy.
This pattern has spotted moves like 148% in two days… 353% in three months… and a massive 413% in 8 months.
So you don’t want to play this bull market without it.
Click here to save your spot for Ross’ live strategy reveal tomorrow morning…
And he’ll see you Tuesday at 11 a.m. ET sharp.
The Traders Agency Team
