Jeff Clark, Jeff Clark Trader, Author at Daily Trade Alert

Buy Stocks Now

Conditions are oversold, and we’re entering a seasonally bullish time of the year.

For reference, traders who bought into this same type of setup last year enjoyed a 14% gain in the S&P 500 within six weeks.

After being stuck in a trading range for seven months, there’s a lot of energy built up in its chart.

It could rally 10% between now and Halloween.

Despite the bearish action we’ve witnessed all month, it looks like the stock market is setting up for a decent short-term bounce.