Wyckoff change of character bar shows up in S&P 500 [Video]

Watch the video extracted from the WLGC session before the market open on 26 Dec 2023 below to find out the following:

• How to identify a “change of character bar” in the market
• The 2 key elements to determine a “threatening condition”
• The key support zone for the S&P 500
• The immediate price target and the potential path for the S&P 500
• And a lot more…

The bullish vs. bearish setup is 665 to 27 from the screenshot of my stock screener below pointing to a healthy and positive market environment.

The two short-term market breadth hit the overbought level together with the overbought and overextended condition reflected in the price action in the S&P 500.

This is a sign of complacency in the market, which we should be aware of and cautious of while riding the strong uptrend. 

A trading blueprint has been discussed last week during the live session, as tweeted below:

15 “low-hanging fruits” (GPS, FERG, etc…) trade entries setup + 21 others (U etc…) plus 10 “wait and hold” candidates have been discussed during the live session before the market open (BMO).