Could This Be the Turning Point? The S&P 500’s Next Big Move Explained

Watch the free-preview video below extracted from the WLGC session before the market opens on 3 Jul 2024 to find out the following:

• The significance of shallow consolidations in the S&P 500 and what it indicates about market direction
• How to read volume trends and identify selling into strength, and their implications for future market moves.
• Key support levels for the S&P 500 and how they serve as indicators for potential bullish or bearish market behavior.
• The signals indicate whether the market is likely to break out or pull back in the near future
• And a lot more…

Market Environment

The bullish vs. bearish setup is 364 to 236 from the screenshot of my stock screener below.

Wyckoff method stock screener

Although the short-term market breadth is still negative, there are still no shortage of the bullish setups.