# Pullback Imminent?

Canonical: https://stocksurgedaily.com/pullback-imminent/

Hey, Ross here:

Let’s start the day by looking at a chart that shows why a brief market pullback could be imminent…

And why this is actually a _(time-sensitive)_ opportunity for savvy traders.

**Chart of the Day**

![](https://lh7-us.googleusercontent.com/OKQJeOnc-chod3OqKRJxkiBPQq1yVuX6P6gy_-NpKDqu3_pxpGz7B3NYRzBcFXj7x-AUAtq76L1JvqZ3fIc4hKVlrBOMebP0ACrQMIz0I4p_u8Yojn3zjPbbNvH9__oDjPGZJ2VGPfXMIa5WFSDAphE)

This is the percentage of stocks trading above their 50-day moving average – an indicator of their medium-term direction…

And earlier this week on Monday, this percentage peaked at 75%...

The same level as it was in late July – right before the big market decline.

Now, I don’t believe we’re going to see the same pullback like we did from August to October – not at all.

But as you can see, the percentage of stocks above their 50-day moving average is pulling back slightly.

In the Insight of the Day, I explain a couple factors that could be contributing to this – and why this is actually an opportunity.

**Insight of the Day**

That’s why I’’m going LIVE tomorrow morning for my weekly session for my Traders War Room members…

Where I’ll be showing them how to hunt for the highest-potential “pullback stocks” – the ones that could surge the most in the subsequent rally – in REAL TIME.

If you want to join tomorrow’s session, it’s still not too late.

**[Just click here to get all the details on how to be part of my War Room now…](https://gamemasterinvesting.com/war-room-order-testimonial/?tambid=22037)**

And I’ll even throw in the details of my #1 AI stock completely free.

I hope to see you tomorrow.

Embrace the surge,

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

Ross Givens  
Editor, **_Stock Surge Daily_**