This video begins with an overview of the US stock market & key sectors followed by updates on some of the recent trade ideas shared on RSOTC.com. Silver or Gold level access initially required.
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Market Analysis & Swing Trade Ideas 11-20-19
Home » Blog » Subscriber-only Content » Market Analysis & Swing Trade Ideas 11-20-19
Since the video above was recorded, 3 of those 4 top sectors in the S&P 500 (XLK, XLF & XLC) broke down below their respective trendlines off the Oct 3rd lows & are currently trading below, albeit by a relatively small margin. As such, solid daily candlestick closes below at least 3 of those 4 sectors will increase the odds that a correction has started but as if now, a little more work is needed to firm up the case for another 3-4% correction in QQQ (or about 2.5%-3.5% in SPY, which would be a backtest of the recent breakouts… Read more »
Add to that HYG has also broken support and 200dma