The stock market technical analysis today shows that the markets have had a rough month. All major indices are down 5%. Last week I stated that If this week ends bearish, the monthly stock charts of the major indices will be poised to suffer deeper stock market drops which can last several months before a bounce. Well, they ended nearly flat as a whole.
Next week is important. The daily charts on the major indices are poised to drop after some short-term bounces from their oversold areas. But the weekly charts are at some critical support levels, which need to hold our October could be ugly. The bulls need a major bounce and soon. We got the answer to our question last week whether the markets would bounce and if the smart money would sell into the strength. They did.
The VIX (i.e., fear indicator) spiked nearly 30% for the month of September 2023.
___________________________________________________________ DISCLAIMER: This US stock market technical analysis today trading video is on advanced technical analysis on the US stock market this week and any stocks mentioned are for you to research after consulting with a registered investment advisor.
This US stock market technical analysis today trading video is on advanced technical analysis on the stock market this week and any stocks mentioned are for you to research after consulting with a registered investment advisor.
All of Grok Trade's technical analysis videos are for educational purposes only. Our videos are not delivered by a registered financial advisor.
All securities mentioned in this stock market trading video should be carefully reviewed for suitability by a registered financial advisor. And please keep in mind that our stock market 2023 stock predictions are simply a guess, and the stocks to watch this weekend are not a recommendation to buy or sell. As mentioned and to make sure there is no confusion, the US stock market technical analysis this week dives deep into technical analysis to help traders choose market sentiment and is not an endorsement to buy or sell any security. Our next 3-Day Intensive 301 Mentorship is coming up soon. Click the link above and choose to be trained by a savvy trader through Grok Trade's mentoring program.
The stock market technical analysis this week may have stocks to trade but any mention is strictly for educational purposes only. Again, we are required to say, "Always seek out a financial advisor." d7 called the 2008 and 2022 market crash, but there is never any guarantee of calls made by anyone include any Grok Trade mentor. This stock market trading video is on advanced technical analysis on stocks to trade after consulting with your investment advisor. These technical analysis videos are for education purposes only.
US stocks to trade market analysis is not delivered by a registered financial advisor. All stock picks should be carefully reviewed for suitability by a registered financial advisor. The stock market technical analysis this week dives deep into technical analysis to help traders choose market sentiment daily. This trading video on the stock market today is for educational purposes only. This US stocks to trade today for today is for educational purposes only. Again, we are required to say, "Always seek out a financial advisor."
