Relief Rally No. 7 Just Might Stick

Good old fashioned trade location is a game-changer. [Jeff Clark's Market Minute]( Relief Rally No. 7 Just Might Stick By Eric Shamilov, analyst, Market Minute We’re now in the middle of the seventh relief rally of the year… That’s a lot of rallies… with no real relief. After dropping 12% from its recent Memorial Day peak (the apex of its previous relief rally), the market has been on a tear, rising 6.5% since June 16. And with each bear market rally that fails, skepticism grows about the next one. But this recent rally may have the best chance of them all – or at least last longer than the previous six – because of some good old-fashioned trade location. Recommended Link [Are cryptos useless?]( [image]( They said Bitcoin was going to the moon... Instead, it lost more than 70% this year. Are Bitcoin bulls wrong? Controversial millionaire trader Jeff Clark, says, “Who cares?” Because thanks to this rare Bitcoin “loophole” he recently exposed… It’s now possible to rake in gains as high as 660%… 810%… even 1,295% or more from Bitcoin – in a matter of days... This works whether Bitcoin goes up to $100K or crashes to $1K. [Click here - LIVE demonstration reveals all the details!]( -- The Importance of Trade Location Good trade location is what happens when you “buy low and sell high.” Obviously, it’s easier said than done and is the most simplistic of Wall Street cliches. That’s because in hindsight, it seems like a no-brainer. The problem has more to do with the emotional side of investing than anything fundamental. You see, when everyone is fearful it’s hard to buy low. That’s because it always seems prices can drop even lower. And it’s hard to sell high when everyone seems to have lost their minds during the bubble-induced melt-ups like we saw in 2021. But those opportunities, although emotionally difficult, are usually the best. And paying very close attention to the collective market’s trade location is something even fundamental, long-term oriented investors need to pay attention to. That’s why on [June 10]( I called the previous relief rally into question. I wrote… Here’s what concerns me now… When you combine all the recent price action since the lows, the volume profile shows investors chased this rally near the highs around 4125. In the chart below, you can see how all that volume accumulated around this area… The buyers already bought, just at the wrong price. Here’s that chart again… [chart] [(Click here to expand image)]( Buying the rally at the highs is an example of the market collectively having poor trade location. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. A Change of Scene But the current relief rally has the opposite dynamic at play. Investors gained excellent trade location this time around by buying low. And some brave souls actually bought the bottom. Take a look at the volume profile for the S&P 500 futures from the start of this current rally… [chart] [(Click here to expand image)]( It shows the S&P 500’s volume profile in green overlaid on its intraday price chart… This time, most investors bought around the 3775 area. But even more astute ones bought lower at 3675. This is the reverse of the failed rally leading into Memorial Day, where most people chased the highs at 4125. When most people buy into a rally at the highs, they’re more prone to let go at the worst possible time. And events that seem like gamechangers, are usually the ones that trigger stop losses. That’s why in that same essay, I wrote… With the Volatility Index (VIX) still above 25, a Fed meeting next Wednesday, and a big quad witching futures and options expiry next Friday… prices are guaranteed to fluctuate heavily. That means stop losses are likely to get triggered at the wrong time. [Disturbing In-Store Footage Exposes $269 Trillion Financial Crisis]( And that’s exactly what happened. But all these events are behind us now, with new buy-ins well positioned 3-6% below current levels. With new money coming into the market at the right price and at the right time, they’ll be prone to hold on and fight through any random negative reaction from economic events or headlines. Which is why I’m angling to buy dips until the market regains its 50-day average price around 4025, with a stop below 3775… The upcoming earnings season kickoff on June 14 will have a lot to say about which level gets hit first. Regards, Eric Shamilov Analyst, Market Minute Reader Mailbag Will you be buying the market dips? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. In Case You Missed It… [International Financier warns: “Dollar overhaul just days away”]( Brace for impact… America’s next crisis has nothing to do with inflation, wars, pandemics, or elections… But it could have a dramatic effect on the way we spend, borrow, save, and invest. International Financier Dave Forest says, “I’ve found an Executive Order released by the White House that shows the end of the dollar is closer than anyone expects. In fact, I expect to see bombshell news as soon as September 9th that could turn our financial system upside down.” [Click here to see how to prepare for this monumental shift while you still can.]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. [An Insider’s Guide to Making a Fortune from Small Tech Stocks]( [How to Earn Free Bitcoin]( [The Ultimate Guide to Taking Back Your Privacy]( [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. 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