Is the bottom finally in or more weakness ahead? [Video]

Watch the video extracted from the WLGC session before the market opens on 10 Sep 2024 to find out the following:

  • Could the current technical rebound lead to a sustained rally, or is it just a short-lived bounce?

  • How would the recent increase in supply and volatility impact the S&P 500?

  • The key area the S&P 500 needs to commit to flip to an upward bias.

  • And a lot more…

 

Market environment

The bullish vs. bearish setup is 398 to 211 from the screenshot of my stock screener below.

Wyckoff method stock screener

Three stocks ready to soar

9 “low-hanging fruits” trade entries setups & 14 actionable setups were discussed during the live session before the market open (BMO).

As the market broke down from the bullish flag pattern last Tuesday and dropped continuously for 4 sessions, a handful of the stocks manifest relative strength.

These are the stocks I am paying attention to and looking for triggers from the setups, such as CAVA, DHI, TRU.

CAVA stock buy point signal

CAVA

DHI

DHI

TRU

TRU

Source: https://www.fxstreet.com/news/sp-500-is-the-bottom-finally-in-or-more-weakness-ahead-video-202409111016