Will S&P 500 Grind Higher Or Face A Dramatic Shakeout?

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Image Source: Unsplash

Watch the video extracted from the WLGC session before the market open on 12 Mar 2024 below to find out the following:

  • How a shakeout and a market rotation scenario could unfold
  • Evidence of the emergence of supply in the past few weeks
  • The critical support level S&P 500 needs to hold to avoid the bearish trigger
  • and a lot more...

Video Length: 00:09:22

Market Environment

The bullish vs. bearish setup is 579 to 44 from the screenshot of my stock screener below. There is no shortage of bullish setups despite the market has been extended for months.

wyckoff method stock screener
Wyckoff method stock screener

Market Comment

Pay attention to the key support level as discussed in the video. A violation of this support level is likely to trigger either a shakeout or a market rotation (more obvious) in the S&P 500.

8 “low-hanging fruits” (PPC, TDW, etc…) trade entries setup + 20 actionable setups (QTWO etc…) have been discussed during the live session before the market open (BMO).

(Click on image to enlarge)

PPC stock trading plan

(Click on image to enlarge)

TDW stock trading plan

(Click on image to enlarge)

QTWO stock trading plan

More By This Author:

Looming Threat Of A Rising Wedge
The NVDA Earnings Effect And What It Means For The Current Market Momentum
Is The Stock Market Ready To Plunge? The Warning Signs Are Here

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

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