S&P: Look out Below

[] It bounced right off the target [View in browser]( [View in browser]( [] MARCH 5, 2024 [] [] PROSPERITY PUB MARKET TALK Did We Just See The Top? It doesn’t seem to have registered on anyone’s radar yet, but it’s possible we have just seen the top of this market. See, a pullback started in S&P during the last hour of yesterday’s trading… It picked up steam in the after-hours session… And it hasn’t stopped all day today. Sounds bad, but when you zoom out on the rally we’ve had over the last 4 months it looks like a fairly normal little pullback: [] It’s not even the biggest pullback we’ve had in the last 4 months. All told, the S&P is only down 1.7% from yesterday’s high of 5149.67. So why are we making a bigger deal of this than the situation might warrant? Well, for over a month, Jeffry Turnmire has been warning of the possibility of a top at the 5150 level. And while yesterday’s price action technically retraced at 5149.67, we’d say he called that target nearly perfectly. (just 33¢ shy of his target) The question remains: What next? Well, no one has a crystal ball. But as Jeffry’s warned us: be careful. Take your profits. Set your stops. And if markets start pulling back in earnest, remember you heard it here first. — The Prosperity Pub Team [] [] Tap into VIRTUALLY UNLIMITED trading opportunities… Discover the 2-step process that helps isolate the very best setups… and helps you find the “sweet spot” for targeting what could be outsized gains! Plus get the Top Two 72-Hour Profit Surge tickers for March! [Get all the details right here!]( [] [] SCOTT WELSH’S TICKER TALES Boring Badger Breakout We’ve said it before and we’ll say it again: Big wins sometimes come from boring places. Here’s an example. Badger Meter (BMI) manufactures residential and commercial water meters. Sorry, I almost fell asleep writing that. And yet BMI has been on a tear since early February and its sector is one of the top 40 sectors in the world. Here’s the chart: [] A break above $170.86 would be a new high and could lead to a very big move. We’ll keep an eye on it. Happy trading, — Scott Welsh P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on [this Ask The Pros episode]( starting at timestamp 20:45. [] [] [] [] MARCH 5, 2024 [] [] PROSPERITY PUB MARKET TALK Did We Just See The Top? It doesn’t seem to have registered on anyone’s radar yet, but it’s possible we have just seen the top of this market. See, a pullback started in S&P during the last hour of yesterday’s trading… It picked up steam in the after-hours session… And it hasn’t stopped all day today. Sounds bad, but when you zoom out on the rally we’ve had over the last 4 months it looks like a fairly normal little pullback: [] It’s not even the biggest pullback we’ve had in the last 4 months. All told, the S&P is only down 1.7% from yesterday’s high of 5149.67. So why are we making a bigger deal of this than the situation might warrant? Well, for over a month, Jeffry Turnmire has been warning of the possibility of a top at the 5150 level. And while yesterday’s price action technically retraced at 5149.67, we’d say he called that target nearly perfectly. (just 33¢ shy of his target) The question remains: What next? Well, no one has a crystal ball. But as Jeffry’s warned us: be careful. Take your profits. Set your stops. And if markets start pulling back in earnest, remember you heard it here first. — The Prosperity Pub Team [] [] Tap into VIRTUALLY UNLIMITED trading opportunities… Discover the 2-step process that helps isolate the very best setups… and helps you find the “sweet spot” for targeting what could be outsized gains! Plus get the Top Two 72-Hour Profit Surge tickers for March! [Get all the details right here!]( [] [] SCOTT WELSH’S TICKER TALES Boring Badger Breakout We’ve said it before and we’ll say it again: Big wins sometimes come from boring places. Here’s an example. Badger Meter (BMI) manufactures residential and commercial water meters. Sorry, I almost fell asleep writing that. And yet BMI has been on a tear since early February and its sector is one of the top 40 sectors in the world. Here’s the chart: [] A break above $170.86 would be a new high and could lead to a very big move. We’ll keep an eye on it. Happy trading, — Scott Welsh P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on [this Ask The Pros episode]( starting at timestamp 20:45. [] [] [] [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](