The Market Has Reached Critical Levels
08/06/2024
Hey Trader,
Today, I’ve got a video version of my typical letter for you…
Here’s everything you need to know about the market’s recent turbulence:
Next up, check out Mark’s next levels to watch and how to trade it…
Market Moves and Volatility Spotlight
By Mark Sebastian
I do not believe the market has bottomed but I think the VIX has topped — at least for now.
VIX could move higher if another major shoe drops but that doesn't mean that the market has bottomed.
Typically the bottom of the market and the VIX top do not align.
I am looking for the S&P 500 to touch the 200 DMA before I am interested in buying. Either that or come back above the 50 DMA.
You’ve gotta join us live for this epic move…
I gave a trade last week that made insane gains.
Get access to the next live show right here.
Always be closing,
Olivia Voz and Mark Sebastian