The Market Has been Trading Sideways this week…. Could a possible reversal be on the horizon?
03-20-2025
Traders,
Let’s examine what took place this week.
As we look at the daily chart, the S&P 500 and SPY have traded sideways this week.
Take a look at the chart below.
The red box shows you the daily candles this week.
After selling off for the last 4 weeks, the market has paused.
It hasn’t gone up or down much, just sideways.
We can see this better if we jump to the weekly charts.
This week’s candle is the last one below
Now let’s look at something interesting that you may not have heard of.
The S&P 500 is on the left and SPY is on the right side.
You can see that the previous week’s candle on the left stopped out swing traders who went long the week of Sept 3.
This means their stop losses were hit.
On the right side, you have the SPY chart.
You can clearly see that last week’s candle did NOT stop out swing traders who went long the week of Sept 3 and had their stop losses triggered.
They’re still in this trade if those people exist.
I’m not saying that there are active trades there, but I’m pointing out that Sell Side liquidity was hit in the S&P 500 and sell side liquidity was not hit on the SPY .
This is one of the “warning” signs I’ve seen the market give in the past that a potential reversal is possible.
And I have LOTS of them.
We can potentially start seeing the market turn and be more bullish soon.
Now, let’s go over my track record for March.
You can trade along with me inside Game Plan.
I’ve sent 10 trade alerts this month.
9 out of 10 have been winners.
That’s a 90% win rate!
And guess what?
Traders love this service.
This is what 2 of the traders inside my service said yesterday.
It’s a screenshot of the live chat we make available for our traders.
Feel like you’re missing out?
Then get in the Game Plan!
Voz