Stocks Finally in Oversold Bounce Mode

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

Submit a Comment

Your email address will not be published. Required fields are marked *

Get Our Free Daily Trading Videos

Delivered To your Inbox

By submitting your information you agree to our Terms of Service and our Privacy Policy