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…
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 setups that show relative strength because they will be the candidates to turn up first (compared to the indices).
8 “low-hanging fruits” (TWST, INBX, etc…) trade entries setup + 16 actionable setups (SNDX etc…) plus 13 “wait and hold” candidates have been discussed during the live session before the market open (BMO).
TWST
INBX
SNDX
Source: https://www.fxstreet.com/news/is-the-stock-market-ready-to-plunge-the-warning-signs-are-here-video-202402211017