The market has been signalling over-sold in multiple ways over the last 3 months, but we finally got a trigger, right around the 10% correction market plus FOMC. Powell was pretty neutral, but whatever it was, the market decided it liked it. So a V bottom appears to be in place, but patience, as TG Watkins explains in this week’s edition of Moxie Indicator Minutes, is needed to wait for the right entry.
This video was originally broadcast on November 7, 2023. Click this link to watch on YouTube.
New episodes of Moxie Indicator Minutes premiere weekly. Archived episodes of the show are available at this link.
About the author:
is the director of stocks at Simpler Trading. After graduating with his engineering degree, he set off to earn his Series 6 and 63 licenses and started his career as a financial advisor with New York Life. It was here that Mr. Watkins’ knowledge about the financial industry really exploded.