How The Hidden Signs of Selling into Strength Could Shake the S&P 500
3 min readJul 18, 2024
Watch the free-preview video below extracted from the WLGC session before the market opens on 17 Jul 2024 to find out the following:
- The simplest way to spot a market rotation.
- The analogues to adopt to anticipate the market correction
- Why the change of character bar on last Thursday signals a shift in the market?
- And a lot more…
Market Environment
The bullish vs. bearish setup is 661 to 25 from the screenshot of my stock screener below.
There is a clear rotation from Nasdaq 100 and the S&P 500 into the Russell 2000 (& the Dow Jones) since 11 Jul 2024 (Thursday).
This is further confirmed by the significant improvement in both the number of the bullish setups and market breadth.
A pullback or consolidation could provide a great opportunity for re-accumulation. Now again is the best time to identify the next batch of leaders (like KRE)
