As many of you know, I’ve been expecting a pullback in the stock market. Two weeks ago, I noted, “The chart indicates a 2.5% pullback is likely before we see the market rally sharply into the end of the year.” The chart of the SPDR Dow Jones Industrial Average ETF (NYSE: DIA) is shown below with important support levels. On the bottom of the chart, I’ve tracked my Profit Amplifier Momentum (PAM) indicator. The pullback, from high to low over the past two weeks, was 2.9%. —Recommended Link— Most Traders Do THIS Wrong (Hint: They’re… Read More
As many of you know, I’ve been expecting a pullback in the stock market. Two weeks ago, I noted, “The chart indicates a 2.5% pullback is likely before we see the market rally sharply into the end of the year.” The chart of the SPDR Dow Jones Industrial Average ETF (NYSE: DIA) is shown below with important support levels. On the bottom of the chart, I’ve tracked my Profit Amplifier Momentum (PAM) indicator. The pullback, from high to low over the past two weeks, was 2.9%. —Recommended Link— Most Traders Do THIS Wrong (Hint: They’re paying Wall Street instead of letting Wall Street pay them!) They’re screwing it up… and they’re missing out on the chance to make easy profits every single week without a ton of risk. Are you falling victim to this pitfall? Click here to find out. As you can see from the bars in the bottom segment, PAM is already showing signs of bottoming. That signal tells me that our pullback — while short — is likely already over. Now, there could still be additional weakness in the first… Read More