You’ve likely just made it through one of the worst market sell off we’ve seen since 2020… And most indicators are pointing to a short term bottom here.
Take a look at this chart of XLK - the technology sector.
We’re seeing classic bullish divergence on the RSI indicator, and the last four times the sector reached this trendline, the price bounced hard.
There’s no reason to think we won’t get another relief rally with tech leading the way.
The chart of TLT, the price of the 20 year bond, is also showing signs of a short term bottom.
With the biggest green candle we’ve seen in over a month, bonds will likely trend higher taking pressure off interest rates (also bullish for tech).
And we’re now seeing bullish divergence show up on the RSI here as well.
All signs point to a hard bounce from these levels…
But here’s why it would be a big mistake to go out and just buy XLK…
You see, volatility will remain high in this environment until we see a peak in inflation, de-escalation relating to the Russia-Ukraine war, and improvements in the global supply chains.
That’s why it’s more important than ever to incorporate a built-in hedge into your trading strategy.
The right hedge can allow you to profit even if the market goes against your initial investment.
Roger Scott wants to show you exactly how he’s gearing up to play this bounce… all while protecting against more downside risk.
Now isn’t the time to go all in on a falling knife… there are much safer ways to play this bounce.
Click here to see exactly how this hedged trading method has been able to dominate the markets since the beginning of the year - all while everything has sold off hard.
This is one meat-and-potatoes training webinar you DON’T want to miss right now.
*Disclaimer: The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 1/2/19 to 5/3/22 on active signals, the average win rate is 57.8%, the average winner is 27.9%, and the average return per position is 6.2%.
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