Will S&P 500 Grind Higher or Face a Dramatic Shakeout?
2 min readMar 13, 2024
Watch the video extracted from the WLGC session before the market open on 12 Mar 2024 below to find out the following:
- How a shakeout and a market rotation scenario could unfold
- Evidence of the emergence of supply in the past few weeks
- The critical support level S&P 500 needs to hold to avoid the bearish trigger
- and a lot more…
Market Environment
The bullish vs. bearish setup is 579 to 44 from the screenshot of my stock screener below. There is no shortage of bullish setups despite the market has been extended for months.
Market Comment
Pay attention to the key support level as discussed in the video. A violation of this support level is likely to trigger either a shakeout or a market rotation (more obvious) in the S&P 500.
8 “low-hanging fruits” (PPC, TDW, etc…) trade entries setup + 20 actionable setups (QTWO etc…) have been discussed during the live session before…
