Is The FOMC About To Rock The Market Boat Again? Brace For A Potential Selloff!

Watch the video extracted from the live session on 19 Sep 2023 below to find out the following:

  • How to interpret the volume spike

  • Why the upthrust is bearish

  • The key support level for the S&P 500

  • How could the FOMC surprise the market?

  • And a lot more

Video Length: 00:04:56

The bullish vs. bearish setup is 292 to 201 from the screenshot of my stock screener below pointing to a positive market environment.

Wyckoff method stock screener

6 “low hanging fruits” (CSWC, WEX, etc…) trade entries setup + 20 others (VRT, MA, etc…) plus 20 “wait and hold” candidates have been discussed during the live session.

CSWC trading plan

WEX trading plan

VRT trading plan

MA trading plan

Market breadth still points to a pullback. This is not an easy money environment for aggressive trading. Be defensive in terms of your stop loss, position size and percentage of risk taken if you are trading.

Let me know what you think.

 


More By This Author:

S&P 500 Pullback Update: Are We Nearing The Light At The End Of The Tunnel?
Spot The Hidden Supply And Derive The Strength Of The Market Structure
S&P 500’s Wild Card Month: Brace Yourself For The Unexpected

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

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with