Here's your stock market rally.
Tomorrow's price action is key.
As predicted by the charting signals we use, stocks are in the midst of a major trend change.
If you’ve been following this trade closely, this is the only chart you need for now:
Trendlines offer great high-probability trade set-ups.
Many traders play the “bounce” (notice price plummeted every time it hit the red downtrendline).
And other traders play the “breakout”, like what we saw happen between yesterday’s initial breakout and today’s rally (green circle).
Tomorrow’s price action is key. A continued rally will confirm bullish set-ups on the weekly and monthly chart.
A sell-off will put price back in a neutral/bear territory, at which point we wait for a reversal-bounce — around where the downtrend lines are drawn. Remember, prior resistance = future support.
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Happy Trading 😊