Stopping Action Detected: Get Ready For A Bounce At This Support Zone

A look at the current market conditions, specifically the pullback and the support zone to watch for a potential bounce.

black android smartphone turned on screen

Image Source: Unsplash
 

Watch the video extracted from the live session on 27 Jun 2023 below to find out the following:

  • Current market conditions, specifically the pullback and the support zone to watch for a potential bounce
  • 1 outperformance industrial group that stood out during the market pullback.
  • Using the volume spread analysis to spot the stopping action with hidden demand.
  • The characteristics of a change of character wave for a trend reversal.
  • And a lot more

Video Length: 00:07:28

The bullish vs. bearish setup is 282 to 136 from the screenshot of my stock screener below pointing to a positive market environment. Even though the market was pulling back last week, there is still no shortage of bullish trade setups.

wyckoff method stock screener

The short-term market breadth dropped below 50 confirming the market is in a pullback mode. 15 “low hanging fruits” (AZEK, TTD, etc…) trade entries setup + 28 others (TOL, Z, etc…) have been discussed during the live session.

(Click on image to enlarge)

AZEK, TtD, TOL, Z trading plan


More By This Author:

Market Breadth Signals Decoded: Crash Or Healthy Pullback?
Market Rotation Unfolding - What Nasdaq Analogue Reveals About The S&P 500's Next Move
Market Rotation Alert: Key Areas To Shift Your Attention For Potential Profits

Disclaimer:

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

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