🎯 Is the Stock Market on the Brink of a Meltdown? Here's What You Need to Know
Watch the video extracted from the live session on 27 Sep 2023 below to find out the following:
The deeply oversold level S&P 500 could hit before a technical rally
How to spot outperforming stocks during the correction
How a shakeout or capitulation scenario could occur
The key level for a trend reversal
And a lot more
The bullish vs. bearish setup is 202 to 320 from the screenshot of my stock screener below pointing to a negative market environment.
The long-term market breadth also points to a negative environment while the short-term market breadth approaches a deeply oversold level, which could be a meaningful condition for a technical rally.
7 “low hanging fruits” (DELL, ET, etc…) trade entries setup + 13 others (TDW, FTI, etc…) plus 23 “wait and hold” candidates are discussed in the video (52:04) accessed by subscribing members below.
If there are stocks bucking the trend (or even consolidating) while the index is going down, they show a lot of relative strength. Those are the stocks that will outperform when the index undergoes a relief rally rebound.
Below the paywall is:
The premium video (38:01) focuses on the trade entry setup at the key levels and stop loss for both short-term swing and position trading.
Let me know what you think.
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