Low Volume Flag Breakout! What’s Next For S&P 500?

By Ming Jong Tey of Mastering Price Action Trading
Wednesday, July 10, 2024 7:12 AM EDT

black android smartphone turned on screen

Image Source: Unsplash
 

Watch the free-preview video below extracted from the WLGC session before the market opens on 9 Jul 2024 to find out the following:

  • Short-term and long-term support and resistance levels to watch in the S&P 500.
  • How to interpret the low volume during a flag breakout.
  • The potential target price for the S&P 500
  • How to identify selling into strength in the uptrend.
  • And a lot more…

Video Length: 00:03:19


Market Environment

The bullish vs. bearish setup is 376 to 195 from the screenshot of my stock screener below.

Wyckoff method stock screener
Wyckoff method stock screener

The market environment has been improving slightly.

However, the short-term market breadth is still consolidating and only a handful of the setups showing strong momentum.
 

3 Stocks Ready To Soar

10 “low-hanging fruits” trade entries setups VST, TJX + 25 actionable setups CRUS were discussed during the live session before the market open (BMO).

(Click on image to enlarge)

VST stock buy signal
VST

(Click on image to enlarge)

TJX stock buy signal
TJX

(Click on image to enlarge)

CRUS stock buy signal
CRUS

More By This Author:

Could This Be The Turning Point? The S&P 500's Next Big Move Explained
Nasdaq 100 Overbought? Here’s What History Says About The Current Rally
Market Breadth Divergence: Bullish Or Bearish?

Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.

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