After an 8% drop in the S&P 500 in the first two and a half weeks of the year, Wednesday started with an ugly sell-off but ended with a strong bullish reversal. Some indices such as the Russell 2000 after dipping deep into the red even managed to turn green by day’s end. While a confirmation buying day still must take place in order to give Wednesday’s lows more credence, reward/risk for a strong oversold bounce play has dramatically improved.
Watch the video for how to profit from a potentially sharp bounce.
Serge Berger
President/Founder
TheSteadyTrader.com
