Is the Channel Oversold Bounce the Start of the Epic Turnaround?

Watch the video extracted from the live session on 22 Aug 2023 below to find out the following:

• How to anticipate the short-term trend (the current swing).
• The key support level for S&P 500
• The most bullish case to anticipate
• The likely developing trend based on the supply level and the market structure
• And a lot more

The bullish vs. bearish setup is 220 to 260 from the screenshot of my stock screener below pointing to a negative market environment. This is expected after the ongoing market correction started 3 weeks ago.

This is consistent with the reading from both the long-term and the short-term market breadth.

In the premium video, we discussed the 2 main types of trade entry setup between the outperforming stocks (mainly the newly added stocks) and the oversold stocks.

Both contain valid types of entry at the key support/pivot level. Yet the anticipated trend could…