Market Rotation Into One Juicy Group Could Put A Cap On Nasdaq

person using MacBook Pro on table

Image Source: Unsplash
 

Watch the video extracted from the live session on 11 Jul 2023 below to find out the following:

  • The dilemma the market is facing between the seasonality and the end-of-quarter effect
  • The ongoing market rotation that will benefit this juicy group
  • How to derive the likely scenario for S&P 500 using Wyckoff's efforts vs results
  • The key levels to watch out for
  • And a lot more

Video Length: 00:07:43

The bullish vs. bearish setup is 485 to 157 from the screenshot of my stock screener below pointing to a positive market environment.

wyckoff method stock screener

The long-term market breadth is still above 50 while the short-term market breadth pullback slightly. Overall, this still points to a healthy market environment where more than 50% of the stocks are above the 150/200 day Moving Average (MA).

14 “low hanging fruits” (XRT, TTD, etc…) trade entries setup + 38 others (ABNB, BILL, etc…) have been discussed during the live session.

(Click on image to enlarge)

US Stock entry setup


Trade Setup from 2 weeks ago: GLBE

GLBE was first discussed on 6 Jun 2023 and the subsequent live sessions while the cup and handle pattern is forming the right handle.  GLBE is building a bull flag pending a breakout now, which could be a potential opportunity for scaling in.

(Click on image to enlarge)

GLBE trading results


More By This Author:

Market Correction Or New High? Is History Repeating Itself Or Taking A Different Path
Stopping Action Detected: Get Ready For A Bounce At This Support Zone
Market Breadth Signals Decoded: Crash Or Healthy Pullback?

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