# Follow the Leader

Canonical: https://stocksurgedaily.com/follow-the-leader/

Hey, Ross here:

Things are playing out as I expected – and today’s chart just shows one more reason why.

**Chart of the Day**

![](https://lh7-us.googleusercontent.com/gFgLyF8TzYB4p3EAxYStdEEt6nQe55TKU1zssQPcA3O_ZpLzxDJPOsEmcrCuP5eP-wcYAfm54-q8aPrzwbcMsi9wMxTwOMJ8jecPQ_CwAuXALPFP9NvUGpIqj9nzm0j7ounT6ca4jb4ElNy6m3D0XWM)

This is the S&P 500 falling – and still staying – below its 200-day moving average _(red line on chart)_.

The 200-day moving average is a critical level as it not only shows the longer-term direction of the market – but also acts as a critical level of support.

There’s a saying that “nothing good happens below the 200-day moving average”...

And famed investor Paul Tudor Jones famously uses it as his key market metric.

If buyers don’t step in to defend the 200-day moving average – and the market keeps getting pushed lower before it…

Then that’s a sure sign we’re in the final leg down.

**Insight of the Day**

**The market leaders will bottom – and rise – before the rest of the market**.

The whole idea of a market leader is that it leads the market – both on the way up and the way down.

That means market leaders will bottom and start rising once more _before_ the rest of the market does…

Which is why it’s critical you’re able to spot these market leaders _now_ – NOT after the market bottoms…

Because by then, the best opportunities would already have passed you by.

That’s why I’m going LIVE _right now_ to show you my “market leader” strategy in person…

So you can get ahead of the rest of the market and take the highest-potential positions before most traders even have a clue what’s going on.

**[So click here to join me in the live room now…](https://clktrac.com/JoinRoss)**

And let me show you how to get ahead of the pack.

Embrace the surge,

![](https://stocksurgedaily.com/wp-content/uploads/2023/05/image.png)

Ross Givens  
Editor, **_Stock Surge Daily_**