🎯 S&P 500's Change of Character Bar - What You Need to Know!
Where the bull might take us before a market reversal!
Welcome back :) The 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 premium video below the paywall.
Watch the video extracted from the WLGC session before the market open on 26 Dec 2023 below to find out the following:
How to identify a "change of character bar" in the market
The 2 key elements to determine a "threatening condition"
The key support zone for the S&P 500
The immediate price target and the potential path for the S&P 500
And a lot more...
The bullish vs. bearish setup is 665 to 27 from the screenshot of my stock screener below pointing to a healthy and positive market environment.
The two short-term market breadth hit the overbought level together with the overbought and overextended condition reflected in the price action in the S&P 500.
This is a sign of complacency in the market, which we should be aware of and cautious of while riding the strong uptrend.
15 “low-hanging fruits” (GPS, FERG, etc…) trade entries setup + 21 others (U etc…) plus 10 “wait and hold” candidates are discussed in the video (51:43) accessed by subscribing members below.
Like what you see so far?
Click here to join me live every Tuesday so you will get 25++ (and more) actionable stock in a video with entries trigger and stop loss (so that you can calculate the position size), special topics (trading/investing), trade reviews, and get your stock analyzed and questions answered, at a fraction of your stop loss per trade.
Click here to find out how to trade or invest to experience a new level of results from any market consistently without using complex indicators or understanding any financial statement.
Below the paywall is:
The premium video (51:43) focuses on the trade entry setup at the key levels and stop loss for both short-term swing and position trading.
15 “low-hanging fruits, 21 actionable setups and 10 “wait and hold” candidates have been discussed in the premium video.
Let me know what you think.