Warning: Are you aware of these weekly market conditions?

The chart below could be very good or very bad news. [Company Logo] The chart below could be very good or very bad news. You choose. As you’ll see, the SPY and QQQ are at a critical level of support, while the DIA and IWM have already closed significantly below their respective levels last Friday. As I’ll explain below… Volatility (up and/or down) is likely to get more elevated quickly. Before we look at the chart, let me share how you can turn this volatile situation into good news… [In my Wealth365 summit presentation](, I’ll be teaching how to identify market reversals using our proprietary Real Motion indicators. These Real Motion indicators warned of a market top in Jan 2022. Then they highlighted the opportunity of a major bullish reversal in July of 2022. Then again, they alerted users that the recent bear market rally might stall (as it did) in August. With the SPY and QQQ testing the July and year-to-date lows, Real Motion is exactly what you need! Unfortunately, my presentation is not until Oct. 11th. [However, the good news is that if you click here to register for it now with our link](, you’ll be on our VIP list. As a VIP, I won’t keep you waiting until the presentation! From now until my presentation on the 11th, you’ll receive insider analysis on how to evaluate the condition of the market’s trend with Real Motion so you can anticipate potential market reversals vs. a continuation of the bearish trend. Plus, when you register, I’ll immediately send you a bonus report on how to read intra-day action like a professional floor trader, so you can confidently understand the wild intra-day gyrations of the market! This report, “How to Buy Low, and Sell High…,” reveals how to anticipate the low or high of the day so you can buy near the low, sell near the high, and anticipate which days will be one way trend days! These are perfect days for entering swing trades or day trading trend trades. [Click here to register for the Wealth365 summit and…]( …Get on our VIP list, and …Immediately get our bonus “How to Buy Low, and Sell High” report! NOW LET’S FOCUS ON THE MARKET’S VOLATILE LOCATION… The last time the stock market indexes broke this long-term measure of support and followed through, it was an early warning to prepare for the worst slide of the 2008-09 collapse. It’s time to prepare again. Preparation doesn’t mean the market will collapse, it means having a way to avoid being surprised or even profiting from it. The 2020 crash broke this support, but the follow-through only went down for one more week before the “historic” bottom was in place. There have been several other times since 2008 when this level has been tested, and every time it proved to be a major market low. The level of support I’m talking about is the 200-week moving average. In the chart below of the SPY, you can see the 200-week moving average. As it turns out, this price level is also significant for several other reasons. First, the Fibonacci 50% retracement “support” of the 2020-21 bull market move is only a few percentage points lower. See the red line. Additionally, the level that defines the 2020 highs that the SPY broke above to begin the incredible 2021 run is almost the exact same price as the 200-week moving average. See the dashed black line. [image] What’s next? Reversal? Crash? A steady move lower without a violent plunge? You don’t need to predict it. It’s too hard to predict exactly how a market will fall, but the Real Motion charts can help improve our expectations for how far it might fall and whether or not it will reverse. Even though you don’t know what Real Motion is yet… You can still see that its “dots,” which are weekly closing values, are at the same level they were right before the July bear market bottom. They are also outside the lower Bollinger Band. While Real Motion is not equal to price, it does create support, resistance, overbought and oversold levels that become levels that the price responds to! So with that in mind… A simple rule in this case is that the market is at prior support, and oversold (outside the lower Bollinger Band. Therefore, if it begins to recover it could have a big oversold rally. IMPORTANT: I’ll define “begins to recover” as it trades over last week’s high. Until then the trend is down and dangerous because of the break of the 200-week average. There are times when Real Motion is bullish when price action is bearish. This is not one of those times. As result, a break lower next week looks like it will continue lower. How far will it go? Real Motion has an uncanny ability to indicate oversold or overbought levels that define where a market will reverse. One way this is done is marked on both Real Motion charts by a magenta dashed line that marks the 2020 pandemic lows in Real Motion. In future articles I’ll explain why this works so well in more detail. For now, the message is that this level is an area that the market may find support, and… If we see a reversal pattern at this level, we’ll look for a rally. This support level is between 10% and 13% lower than Friday’s close which would equate to roughly 310 to 320 on the SPY and… This range straddles the Fibonacci 61% retracement at 318, and the low of the last consolidation range in 2020 before the market broke out over its pre-pandemic highs and ran relentlessly higher for the remaining 9 months of 2021. So there’s a lot to look forward to if the SPY gets to the 320 level. There’s also a lot that could happen between now and then, but either way… If history is any guide, the 200-week average will not be a level that the market sits idly at. This is good news for traders who are prepared. If you’d like to be more than just prepared… [Reserve your seat to join me at the Wealth365 summit by clicking here right now](. Then review the bonus report you’ll receive within 5 minutes, keep your eyes on your inbox over the coming days for more Real Motion market analysis on the weekly charts, daily charts, and even the intra-day charts! Best wishes for your trading, Geoff Bysshe President MarketGauge P.S. Register with the links in this email and you'll be on the MarketGauge VIP list to several pre-event bonuses. Your first bonus will arrive in your inbox a few minutes after you reserve your seat! This bonus is all about how to anticipate intra-day reversals. Perfect for the current market volatility! [Click here to register now]() P.P.S Don't forget....The Wealth 365 Summit has over 60 presenters who are there to help you become a better trader. It's free, you don't have to travel to attend, and just one good idea resulting from it can make a big difference in your trading. [Click here to reserve your access](. Get more - follow us here... Twitter [@marketgauge](=) and [@marketminute]() and [Facebook]() To stop receiving this go [here.]( Got Questions?Office hours 9-5 ET (New York time) Email: info@marketgauge.com Live Chat: Go to bottom right corner of our [home page.]( Call: 888-241-3060 or 973-729-0485 There is substantial risk of loss associated with trading any securities including and not limited to stocks, ETFs, futures, and options. Only risk capital should be used to trade. Trading securities is not suitable for everyone. No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. 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