A 2-5% Pullback Is Not A Crisis
As big events loom ahead, a small pullback would be totally normal
The market dipped. That’s normal.
On yesterday’s Profit Panel, the team spelled it out: “having a little 2-3% correction… even a 3-4-5% correction is totally fine…”
This week also brings the usual policy noise with the week of the Fed’s Jackson Hole meeting always being a bit of an odd week.Not to mention that the biggest earnings in the market — NVDA — hits next week.
Here’s what that means in plain English:
Into a headline-heavy week, price often wobbles, then finds support near “known” levels.
The team highlighted two simple tells: a gamma pocket in SPY around 632–635 and the 20-day moving average acting like a guardrail.
If we tag those areas and hold, it’s typically a sign of a healthy reset, not a trend break.
How to use it:
- Investors: No need to chase headlines. Stay with quality; let the 20-day do its job.
- Active traders: Keep size small. Let price come to you. If we bounce at a mapped level, take the base hit. If we break cleanly, stand down and wait for the next spot
The Takeaway
A small pullback into Jackson Hole and NVDA isn’t a crisis. It’s the market catching its breath. Breathe with it, map your levels, and avoid fear trades.
Click here to watch the on-demand replay!
To your prosperity,
The ProsperityPub Team
🎰 Did You Catch This?!
Ever heard of the 3pm SPY trick?
Alex Reid shares a strategy he’s about to start charging for…
Get it here while it’s completely FREE!
Every year — for a decade straight — a certain group of stocks surges higher in August
No matter what the rest of the market is doing, these tickers have a mind of their own…
And Jack Carter is sharing all the details right here!
Quick hits from the rest of the show
- Intraday map: Supply/demand zones on SPY with the prior day low as the key tell — bounce = long, clean break = short including 0DTE explanation
- Trade check-ins: Quick look at our AAPL trade,up about 65% and where to follow daily setups
