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The entire world is watching one thing… and one thing only…
Russia’s invasion of Ukraine.
Naturally, this invasion has big consequences.
The stock market is currently trading in a high volatility range.
Not to mention, all the sanctions against Russia are causing concern for the global markets as a whole.
The banking system is trying to figure out how to deal with all this mess…
But there is also great opportunity to profit in this situation as well.
4 Major Indices Drop Down
When every single major stock index drops in unison, there’s only one thing to do: technical analysis.
That’s because when we see the entire market drop, the big question is, “When will it go back up?”
Technical analysis gives us clues that will help us answer that question.
Let’s start with the S&P 500.
The S&P 500 is currently testing a lower support level of $4,100.
This is the “lower low” everybody talks about.
Meanwhile, it’s unable to break past its downward trendline - we see this through the “lower highs” that keep getting lower.
So will the market bounce back, or is there still room to the downside?
Quite frankly, it’s still too early to tell.
But what we can see through technical analysis is that there is a hard support level of $4,100.
If the S&P 500 breaks below this price, then we can expect even lower lows to follow.
On the other hand, if the S&P 500 moves above its downward trendline, and begins recording higher highs… we can predict that the market is gearing up to move back up.
The Nasdaq, the Dow, and the Russell 2000 all look like this right now.
I’ll keep you posted with all the stock opportunities that the current market gives us… so please click here to get all my latest market updates.
Oil is Blasting to New Heights
While we wait to see if the S&P 500 will break its downward trendline… there’s one sector that’s currently recording an upward trendline.
Which means higher lows and higher highs.
Of course, I’m talking about crude oil.
Right now, the energy stock chart looks like the exact opposite of the S&P 500 chart.
See for yourself…
Notice how the current stock price is way above all the trendlines.
This just goes to show that even when the overall market suffers, there are still big opportunities we can take advantage of.
Of course, you should be very careful trading the energy sector now.
A very rapid rise means a very rapid descent follows.
Right now, the energy sector looks toppy and I’m waiting to see where it hits resistance.
If you’d like to learn how to predict a major stock reversal using technical analysis, Stock Navigators shows you exactly how I do it - click here for more information.
22-Year Old Makes $122K After Losing Job to Covid
Just like every other 22-year old… Michael is a young, hard-working man with big dreams.
He worked as a personal trainer.
Michael never even dreamed of becoming a full-time stock trader.
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This money was a huge chunk of his life savings… he was basically risking a majority of his wealth in order to make it grow.
He wasn’t having much success until he found Stock Navigators.
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You can see for yourself…
Now, Michael and his wife are able to live the rest of their lives in financial independence.
I feel so proud and so humbled that this young man has been able to take control of his wealth.
And I’d like to help you do the same.
I’d like to help you take control of your finances, forever.
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