🎯 The NVDA Earnings Effect and What It Means for the Current Market Momentum
This confluence zone needs to hold!
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 27 Feb 2024 below to find out the following:
Discover the 2 key support zones crucial for determining market trends and potential corrections
The confluence zone that will make or break the S&P 500.
The preliminary supply (early distribution) you need to be aware of.
and a lot more...
Market Environment
The bullish vs. bearish setup is 728 to 68 from the screenshot of my stock screener below.
The market again is back to complacency mode as reflected in the numbers of the bullish setup above.
So far, the preliminary supply showed up previously and the market is overextended and overbought. However, as long as the confluence zone as discussed in the video is holding up, there is no confirmation for a market pullback.
Most importantly, lots of the trade entry setups are working.
10 “low-hanging fruits” (CLF, SHAK, etc…) trade entries setup + 19 actionable setups (INBX etc…) plus 4 “wait and hold” candidates are discussed in the video (43:52) below the paywall accessed by subscribing members.
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Below the paywall are:
The premium video (43:52) focuses on the trade entry setup at the key levels and stop loss for both short-term swing and position trading.
10 “low-hanging fruits, 19 actionable setups and 4 “wait and hold” candidates have been discussed in the premium video.
Let me know what you think.