A bear flag?

and market update in 30 seconds

This is a pre-live session market update in 30 seconds for the paid & free subscribers.

WLGC Session 141 (Week 18, 2024) will start on 30 Apr 2024 (Tuesday), 8 pm (GMT + 8).

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Market Update in 30s

The relief rally was spot-on last week!

The S&P 500 hit the first target 5100 and is testing the second target zone 5130-5170.

A reversal from this zone could signal the start of another downswing.

I'm looking for a sell entry signal intraday to optimize the risk-multiples.

The long entry setups for the outperformers (CPNG, LPG, KLG) covered in the email last week are still working.

Although 80% of the setup for the outperformers is working well, I am still very cautious (and willing to hold cash if no ideal long/short setup) as the market is still pulling back and volatile.

Again, not the time for being aggressive.

We will also discuss Nasdaq, Russell 2000, Dow Jones, Gold, Silver, Bitcoin, Dollar Index, exciting chart development, and the trade entry setups with decent rewards to risk.