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The Market Needs to Break $4,593.31 To Continue Moving Upwards

by Vu Nguyen, March 29, 2022
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I’m writing to you from the beautiful Cancun, Mexico!

This is what I love about trading stocks.

Even on vacation, I can still take profits from the market. 

Over the past few days we’ve seen incredible upward momentum.

However, from a technical standpoint, we’re not out of the woods just yet.

There’s a certain “wall” that the market must break in order for me to call it a bull rally.

That wall is $4,593.31.

Technical Analysis

Watch Out For the Big Walls to the Left

There’s one big thing on my mind right now.

It’s the next destination for the overall market. 

Will the market rally higher or slip back down?

Well, let’s take a look at the chart of the E-Mini S&P 500 Futures (ES)...

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Notice the three blue circles on the left-hand corner?

This is the “wall to the left” I’m talking about. 

The S&P has not been able to move above the $4,593.31 price level - so this price is our “wall.”

We’ve seen plenty of big, green candles over the past months but none have been able to move above this resistance level.

I’m watching this situation like a hawk and when it’s time to make our move, Stock Navigators are the first people to know.

Please click here to make sure you get all my latest updates.

Sector Highlight

It’d Be Wise to Wait For a Pullback on Bitcoin

Bitcoin (BTC) is currently up about 8% on the day, rallying from the $45,000 level to the $48,000 level. 

But if you missed this train, it’d be good to wait for a pullback. 

Let’s take a look at BTC’s chart…

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Notice all the big, green candles?

We call that a gap up.

Every single time GTC gaps up, a pullback has followed soon after.

There’s absolutely no point in chasing these prices because technical analysis shows they’ll come back down anyways. 

Patience is a profitable virtue, especially when we’re day trading.

I’m keeping daily tabs on the market and Stock Navigators are the first ones to know.

If you’d like my daily video updates, click here to get them.

SN Family Secrets

Pastor Ashley Is Banking $5K per Day

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Pastor Ashley is a very successful, very busy man.

Not only did he have a 20-year career as a lead project manager…

He has 5 kids… and he’s a pastor!

Like anyone else in his shoes, he decided to invest his money in the stock market.

But the “professionals” he sought lost his money - $30,000. 

This was over half his capital.

So he decided to take full control of his investing.

And he joined Stock Navigators.

He started out slowly, using simulated trades for a month and a half before diving in with real money.

Fast forward to today, Pastor Ashley is making $5,000+ on a daily basis.

He originally planned to quit his job in 3 years… but now he thinks he’ll quit within the year!

And he reached this level of success only 6 months after joining the Stock Navigators family.

The man is adding another floor to his house!

He says himself that “the community as a whole really contributes to the full experience.”

You can hear his full testimony below…

The Stock Navigators family is a diverse group of people. 

So many different life experiences and perspectives are a part of our wonderful community. 

But we’re all motivated by one thing.

Giving ourselves a chance to live an easier, more peaceful… more financially independent lifestyle.

Do you feel like a community of like-minded investors can help take your investing to the next level?

Well, the Stock Navigators family is here to help you when you need it, click here to see how to join.

Related Articles

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Vu Nguyen, April 5, 2022
Tom Luong, March 1, 2022

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