big move coming?

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

WLGC Session 146 (Week 23, 2024) will start on 4 Jun 2024 (Tuesday), 8 pm (GMT + 8).

You can click here for more details about the weekly live session.

Market Update in 30s

The S&P 500 broke down the support (5270) and almost tested the first target at 5200 on Friday (formed a low at 5205) as discussed last Tuesday.

Aggressive demand popped up on Friday on the S&P 500 and Nasdaq 100.

This is likely to kick start an up-swing.

I still like how Bitcoin is building up the right handle on the chart.

A sign of strength (SOS) rally with a backup action (BU), or simply a flag breakout?

Once the accumulation structure is completed, it should start a big move, going into phase E, uptrend.

ETFs like IBIT 0.00%↑ or COIN 0.00%↑ are great proxies to ride on the strength of Bitcoin.

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.

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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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