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bearish momentum alert: here's why the S&P 500 could break down soon

Welcome back :) This free newsletter contains a detailed market analysis video and 3 actionable stock trading ideas. Upgrade to get 25++ stock setups with a trading plan discussed in the paid episode.

This paid episode contains:

  • The premium video (36:16) focuses on the trade entry setup at the key levels and stop loss for both short-term swing and position trading.

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Market Discussion

Watch the free-preview video above extracted from the WLGC session before the market opens on 30 Jul 2024 to find out the following:

  • How to spot the tell-tale signs of weakness in the S&P 500 based on past analogues.

  • The top 2 indicators to identify the increase in the bearish momentum.

  • The downside target for the S&P 500.

  • And a lot more...

Market Environment

The bullish vs. bearish setup is 583 to 59 from the screenshot of my stock screener below.

Wyckoff method stock screener
Wyckoff method stock screener

Although there is no shortage of bullish setups, the current rotation from the Nasdaq 100 (and S&P 500) into the Russell 2000 stirred up volatility.

Many breakout setups do not have immediate follow-through to the upside. More time is needed for supply absorption.

3 Stocks Ready To Soar

7 “earning reactions” AXP 0.00%↑ setups, 3 “low-hanging fruits” KBH 0.00%↑ trade entries setups + 7 actionable setups JEF 0.00%↑ were discussed during the live session before the market open (BMO).

AXP stock buy point
AXP
KBH stock buy point
KBH
JEF stock buy point
JEF

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

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