Is the Stock Market Ready to Plunge? The Warning Signs are here…
3 min readFeb 21, 2024
Watch the video extracted from the WLGC session before the market open on 20 Feb 2024 below to find out the following:
- How to spot the exhaustion of demand.
- The bearish analogue you could refer to to anticipate the down move.
- The key level S&P 500 needs to break to trigger a selloff.
- and a lot more…
I’ve already covered the things you will need to be aware of in my market update in 30s email on Monday, the details of how to derive a directional bias based on interpreting the price and volume are illustrated in the video above.
Market Environment
The bullish vs. bearish setup is 618 to 53 from the screenshot of my stock screener below.
The short-term market breadth is still showing bearish divergence, which is another bearish condition to watch out for.
During a market pullback, we can easily identify the true market leaders. So pay attention to the stock…
