The Key Traits Of A True Market Bottom | Mary Ellen McGonagle | The MEM Edge (07.22.22)

[@dfrank2044]

Great TA and follow through day. Thanks

[@benjamingisby]

Showing the relationship between 10 year treasury and xlk was really informative for me.

[@tradingpoker1324]

Excellent video and analysis information. First video of hers that I've seen. Great!

[@colinking3477]

Really good. Is there a similar set of parameters for signalling the end of a rally?

[@benjamingisby]

You do a good job of showing how the technical indicators give insight by showing 1x where it shows yes, 1x where it shows no. You should also show indecisive moments where signals are mixed, and stress the importance of backtesting all examples of entry points - there may be 10 entry opportunities on a chart where you're showing 2. It's easy to see the bottom when you can look back. I think educating people on that would be great, thanks for your great work..

[@detailone978]

The Fed will raise interest rates again so don't fight the Fed. We are still in a bear market so be careful betting long on stocks. Set close stops.

[@LongNguyen-ij1hx]

Your great presentation is appreciated.

[@Agooo13431]

I appreciate your calm analytical skills. I have a question While I see and agree with the bullish breakout pattern on descending trend for all indices, and I also see breakdown in the 10 yr yield and VIX, I wonder if the breakout could be a giant wyckoff distribution pattern, which would be disastrous for the bulls. Is there a way technically to tell the difference between wyckoff distribution pattern and a true breakout pattern?

[@eyzup]

Very helpful, thanks!

[@giantessmaria]

Thanks Mary Ellen, always love your analysis and insight! I would also add, in this upcoming week; we have the key tech earnings from all the mega cap fangs which will be critical to see how they react to earnings after the big runup relief rally. Interesting that tesla acted so well to a very mediocre report. same with netflix. If the market is going to give these stocks a pass on mediocre earnings, we could see a continuation of the rally. Still, hard to trust this rally, given the aggressive monetary policy... many think we've bottomed. I'm not in that camp after what i witnessed in 08'-09'.... thanks again!

[@jameswalker366]

We also have q2 gdp report. Technical recession here we come. Buy long dated bonds.

[@omax-sy8xp]

I recently started paper trading off TA and love your videos. I'd be interested in learning about the mentorship program. I really like how you address sectors ad well. Thanks so much.

[@atcstooge3497]

how do I recreate that chart with the xlk and tnx ?

[@StockChartsTV]

Hi ATC - What part are looking to recreate? I'll take a guess that you want to add the TNX line to the XLK chart, if so, you can add it via a price indicator. Add a Price indicator, set the parameter to $TNX, and the position to "Behind Price". Then click update.

[@atcstooge3497]

@@StockChartsTV awesome! thank you