Has the rally lost steam? Price, momentum, and volume hold the clues [Video]

Watch the video extracted from the WLGC session before the market open on 2 Jan 2024 below to find out the following:

• The key support zone S&P 500 needs to hold.

• How the market correction could unfold.

• The first red flag and the condition you need to know.

• The most important thing you should do to deal with the current market.

• And a lot more.

The bullish vs. bearish setup is 272 to 26 from the screenshot of my stock screener below pointing to a healthy and positive market environment (despite a sharp decrease from 600++ bullish setups).

Despite the negative price action in the S&P 500, the support zone as discussed in the tweet below is still holding up, which is constructive for the bullish case.

6 “low-hanging fruits” (JPM, CRWD, etc…) trade entries setup + 28 others (LOGI etc…) plus 14 “wait and hold” candidates have been discussed during the live session before the market open (BMO).

JPM

CRWD

LOGI