[OVI Market Review] Bounce Not Matched By Quality ... Yet

[image] [Unsubscribe]() [image](=) Dear Trader Just seven weeks until Miami, the LAST one of its kind, so it’s bitter sweet for me personally. But as ever, it’s going to be an amazing event, and I’ll leave it all out there on the field, giving you my very best, as well as you receiving all our latest and greatest options upgrades. And this year, they are considerable, with one of the biggest sweep of upgrades we’ve ever released. ... So, last weekend I said the S&P was likely to drift lower towards and below its 50-dma and 200-dma Key Levels, and there was likely to be some friction around them. It did precisely that before bouncing sharply off the 200-dma on Thursday and following through on Friday. For more detail follow the blue button link below to the blog. [Watch today's OVI market update video here >](=) Market Outlook: The anticipated friction around the S&P’s Key Levels didn’t last long, but the story isn’t over just yet. As it happened our Medium-Term Timer was spot on as it showed an oversold reading last weekend, and the anticipated slip below the 200-dma didn’t last long. From here it is far from clear, but I’m going to go with the lack of great quality setups forming right now. This means one of two likely short-term outcomes: Either the market consolidates for a few days and starts to form better quality setups. Or we start rattling around again near those big Key Levels. In a bullish market we would be getting very excited about the shrinking retracements that we’re seeing in all the major indices … and they might just play out, with this most recent retracement bouncing off the Key Levels. Thursday and Friday’s bounce was nice to see, but it wasn’t accompanied by huge volume conviction, and the consolidations we are seeing aren’t that attractive. For more detail follow the blue button link below to the blog. The Main Indices: The SPY – The QQQ - The IWM - Go to the blog for details. Market Timers: - Longer Term Market Timer (OVIsi): Still half-green and will continue this week. - Medium Term Swing Timer: Negative but rising and will likely poke into positive territory this week. - SPY OVI: Slow to respond to upside at the moment. The interpretation for this is ... Go to the blog for more detail. Fast Filters Stock Selection: As per the last couple of weeks, a relatively small number of nuggets, but things can change very quickly. This week’s consolidations aren’t of the best quality, so be patient – like a lion! Please view the blog for a smaller segment list that you can focus on for the week. --- Software Upgrades: The upgrades I’m releasing for [Miami](=) are, quite frankly, ridiculous! - Overbought/Oversold filters - Shrinking retracements filters / watchlists - OptionEasy Pricer at the side of the chart - OptionEasy Analyzer at the side of the chart Also, a revamped education suite so you can take better advantage of our unique content and also our quizzes! And that’s not all … Very soon after Miami I’ll be deploying a whole new Journal app with an inbuilt calculator for you to be in control of risk at all times. Then will be the TV component so you can watch our education content or your mentors right next to the chart you’re looking at. And then there will be wholesale upgrades to the charts too. Stay in touch to discover more as we unveil best-of-breed applications! Events: The [OptionEasy Bootcamp on 22-23 April](=) is only SEVEN WEEKS away, and with all the upgrades coming, it will be our best ever. It’s at the National Hotel on South Beach Miami, and we’ll also be broadcasting live and recording it. I will be unveiling more upgrades and findings, making all of our trading more precise and more efficient. -- Remember, you can play the video at 1.25x or 1.5x speed if you want to save time! I have placed all the stocks covered in today's review in your "Latest Preview" watch list. [Watch today's OVI market update video here >]( Bye for now Guy [image](=) PS. If you're interested in any of my OVI trading services for stocks or options such as a [fast-track mentorship]( or [workshop event](, book yourself an appointment [here]( to speak with one of my trusted team. Many of my members aren't aware of all the services I offer to help you become an established consistent winner with the OVI. Remember, everyone is an individual, and I ensure that I can cater to you and your particular needs. [Speak to a team member to get your ideal package tailored just for you >]( [Unsubscribe]( FlagTrader.com Ltd 1 Dawes Court Esher, Surrey KT10 9QD United Kingdom +44 (0) 203-865-3584