TODAY ☀️ 3/3
Today, there were 3 catalyst that we were looking for:
A higher close +21pts on the SPX (check)
A low at 10am (check)
The intraday low in the day at 1pm (check)
The note called long SPX at 10am on the dot and again at the present low of the day around 1pm EST, with the idea that the index would close in the green for the day.
These two points were the exact bottoms in the market, and the note was sent at approximately 9:15 am EST.
To name the exact time of the market pivot before it happens is pretty notable.
For reference, in April 2024, the S&P 500 had a 5-day losing streak, its longest of that year. While a 5-day losing streak indicates short-term money flow shifts, it often signals an overall market rebound. For instance, in October 2023, the S&P 500 snapped a 5-day losing streak, with the index rising 0.7% after the downturn.
I will be looking at the intraday low established today or at approx. 10 am EST for longs.
