Is a Reversal Coming to S&P 500?
2 min readMay 8, 2024
Watch the free-preview video belowextracted from the WLGC session before the market open on 7 May 2024 to find out the following:
- How to identify potential market reversals and judge the “bearishness”
- The pivot level day trader could adopt to trigger an entry
- The short-term, medium-term and long-term direction for S&P 500
- Analyze the market momentum using the previous analogue
- And a lot more…
Market Environment
The bullish vs. bearish setup is 607 to 72 from the screenshot of my stock screener below.
The plan is to focus on buying the outperformers without being aggressive in position sizing as the market is still choppy and volatile.
Market Comment
8 “low-hanging fruits” FIX 0.00%↑, GDDY 0.00%↑ trade entries setups + 15 actionable setups GNK 0.00%↑ were discussed during the live session before the market open (BMO).
