Bounce Back Alert: Is the S&P 500 Ready to Make a Comeback On Exhaustion of Selling Momentum
Shortening of the thrust (SOT) to the downside at the support zone was observed in S&P 500. Watch the video below to find out the first signal to watch out for a trend reversal in S&P 500 to prevent catching the falling knife with the Wyckoff method.
The bullish setup vs. the bearish setup is 320 to 233 from the screenshot of my stock screener below suggested still a positive market environment.
While the market is pulling back and consolidating, pay attention to the outperforming stocks as discussed in the live session that hold up the gains, reverse off the pullback or even breakout of the key level.
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