🎯 Bulls on Break? Navigating the Aftermath of Up Momentum Burnout
Watch the video extracted from the WLGC session before the market open on 5 Dec 2023 below to find out the following:
How to analyze the shortening of the up wave and its context.
How to interpret the recent increase in the supply level
The 2 immediate support levels (#2 is more meaningful for a major reaction)
How the market is testing the current resistance zone.
And a lot more...
The bullish vs. bearish setup is 394 to 45 from the screenshot of my stock screener below pointing to a healthy and positive market environment.
Both the long-term market breadth (200 MA & 150 MA) are above 50%, which are very healthy for a sustainable rally.
The short-term market breadth (20 MA) is at the overbought level, which is a sign of strength. Watch out for a pullback/consolidation as some stocks are extended.
9 “low-hanging fruits” (FTAI, VRT, etc…) trade entries setup + 19 others ( U etc…) plus 15 “wait and hold” candidates are discussed in the video (45:23) accessed by subscribing members below.
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The premium video (45:23) focuses on the trade entry setup at the key levels and stop loss for both short-term swing and position trading.
9 “low-hanging fruits, 19 actionable setups and 15 “wait and hold” candidates have been discussed in the premium video.
Let me know what you think.