Is the Pullback Behind Us or Still Looming? Let’s Investigate

Watch the video extracted from the live session on 8 Aug 2023 below to find out the following:

• The significance of bearish and change of character bars in determining market pullbacks.
• The importance of volume and supply levels in confirming pullbacks and potential bounce points.
• The current market trends and potential support and resistance levels for Nasdaq, Russell 2000, and Dow Jones
• Comparison of the supply level among S&P 500, Nasdaq and Russell 2000
• And a lot more

The confirmation bar showed up as discussed in the video to kick-start the pullback. It is essential to judge the characteristics of the test as illustrated in the video in various scenarios to anticipate the next move.

The bullish vs. bearish setup is 537 to 161 from the screenshot of my stock screener below pointing to a positive market environment. However, the 4 market breadth confirms the pullback is still unfolding.