Is this rally the start of a new bull move… or just another dead cat bounce?
In this week’s Monument Traders LIVE, I break down why several technical indicators are flashing caution despite today’s rally.
The strategy session kicked off with a special announcement as Monument Traders Alliance welcomed Matt McCall as its new Head Innovations Strategist. Matt shared his approach to identifying emerging innovation trends before they become Wall Street headlines, explained why getting in early is critical to capturing the biggest gains, and introduced his new free research focused on the next generation of market-leading technologies.
From there, CJ jumped into to answer the question “is this just a Dead Cat Bounce?” From Bollinger Bands and the VIX to market breadth and seasonality, multiple signals suggest this may simply be a relief rally before another move lower.