the bear case: bull flag failure!

Watch the free-preview video from the WLGC session before the market opens on 3 Sep 2024 to find out the following:

• The signal that traders need to seek for to confirm the bullish flag.
• The key support zone that S&P 500 could visit should the failure of the bull flag shows up.
• How to judge the volume level to form a directional bias.
• And a lot more…

Market Update (4 Sep 2024)

• There was a spike of the supply level in conjunction with a bearish commitment below the bull flag support at 5580.
• This is likely the overdue test of the previous down swing from 17 Jul-5 Aug.
• A complex trading range as discussed in the video is still unfolding.
• During a market pullback is the best time to look for relative strength in the stocks.

Market Environment

The bullish vs. bearish setup is 910 to 46 from the screenshot of my stock screener below.