Market rotation into this juicy group could put a cap on Nasdaq [Video]

Watch the video extracted from the live session on 11 Jul 2023 below to find out the following:

  • The dilemma the market is facing between the seasonality and the end-of-quarter effect.

  • The ongoing market rotation that will benefit this juicy group.

  • How to derive the likely scenario for S&P 500 using Wyckoff’s efforts vs results.

  • The key levels to watch out for.

  • And a lot more.

 

The bullish vs. bearish setup is 485 to 157 from the screenshot of my stock screener below pointing to a positive market environment.

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The long-term market breadth is still above 50 while the short-term market breadth pullback slightly. Overall, this still points to a healthy market environment where more than 50% of the stocks are above the 150/200 day Moving Average (MA). 14 “low hanging fruits” (XRT, TTD, etc…) trade entries setup + 38 others (ABNB, BILL, etc…) have been discussed during the live session.

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Trade Setup from 2 weeks ago: GLBE

GLBE was first discussed on 6 Jun 2023 and the subsequent live sessions while the cup and handle pattern is forming the right handle. GLBE is building a bull flag pending a breakout now, which could be a potential opportunity for scaling in.

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Source: https://www.fxstreet.com/news/market-rotation-into-this-juicy-group-could-put-a-cap-on-nasdaq-video-202307121242