Get Ready to Ride the Bull: Price-Volume Behavior Points to a Market Breakout!
According to this price volume behavior, S&P 500 is set for a breakout to challenge the price target at 4260–4290. Watch the video below to find out how to spot this price volume pattern for supply absorption to anticipate the next big move based on the Wyckoff method.
The bullish setup vs. the bearish setup is 539 to 165 from the screenshot of my stock screener below pointed still a positive market environment with no shortage of the trade entry setup.
The stock market breadth in my daily watchlist has been improving slightly from last week although still point towards neutral/positive. It is very constructive to see most of the breakout setups (e.g. RACE, STVN, MASI) discussed last Tuesday are working.
The video above is part of the latest Weekly Live Group Coaching Session (1.5 hours) on 18 Apr 2023. Join here for full discussion including 20+ trade entry setup every week.
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Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.