Is the Market Bottoming out... Or Is This a Major Crash?

To view this email as a web page, go [here.]( [Roger Scott Newsletter] Published: June 13, 2022 [Is the Market Bottoming out… Or Is This a Major Crash?]( U.S. stock futures traded lower this morning with the S&P 500 poised to fall back into bear market territory following the worst week on Wall Street since January — and more in Monday's stock market recap. What I find interesting is that the DIA, which tracks 30 large-cap Dow stocks, is trading near its previous lows and that its relative strength index is overdone. It looks like there’s a good chance the market could rally today because stocks tend to make their lows into Monday morning, but then turn around and peak out by the afternoon. In other words, we usually see the end of the week turnaround from the previous week on Monday… So it wouldn’t surprise me if we experience a nice reversal because we’re gapping down quite a bit... The put/call ratio is at 1.20, which means the market is bearish because traders are buying more puts than calls. The bottom line is that the market is grossly oversold right now, which means the best option for us is more upside over the next few trading days. In this morning’s stock market recap video, I’ll also give you an update on momentum levels… where there’s technical upside potential… the best day of the week to go long… an update on volatility and what it means for stocks… the best and worst sectors to trade right now… the biggest report coming out this week… and big signs to pay attention to at the moment. [Here’s the Latest]( ________________________________________________________ Roger Scott 27+ years of trading experience. Traded multi-million dollar accounts and has trained thousands of new and experienced traders. ________________________________________________________ [Pattern Trader* Revealed!]( I’m about to embark on a new journey… With one specific pattern among a few that’s been shown to pay up to 11-to-1 odds over the past two decades. But I’m not ready [to release this]( to the world just yet… This project is still in its early stages and I need more feedback from my most trusted traders… I just need a few — and that’s where YOU come in. [Become a Pattern Trader Beta Tester Now!]( ________________________________________________________ The Biggest Market Catalyst Ahead… Plus My Top ETF and Option Pick June 9, 2022 In Thursday’s stock market recap, U.S. stock futures were slightly higher before giving up gains as Treasury yields rose. [Continue Reading]( Why the Market Is at a Crossroad and What It Means for Stocks Today June 10, 2022 In Friday’s stock market recap, U.S. futures were lower after the CPI report showed that prices have increased faster than expected. [Continue Reading]( [Roger Scott] A WealthPress Publication 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. WealthPress 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 Wealthpress LLC are for your informational purposes only. Neither Wealthpress 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. Wealthpress 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 [wealthpress.com/terms]( for our full Terms and Conditions. [Manage Your Email Preferences]( [Unsubscribe]( This email was sent by: WealthPress 7751 Belfort Parkway #120 Jacksonville, FL, 32556, US [Roger Scott]( [Update Profile](