The price action last Friday was very meaningful. It has been a long time since all 4 major indices rallied together with Russell 2000 up the most (3.5%) and S&P 500 breaking out of the pivot at 4220. This could suggest a rotation in play to support the rally led by Nasdaq 100 previously.
Stay till the end of the video to find out how the current rally could unfold in S&P 500 based on an analogue from the Nasdaq 100 and at what point could it be violated. @TigerStars $S&P 500(.SPX)$ $NASDAQ(.IXIC)$
The bullish setup vs. the bearish setup is 346 to 89 from the screenshot of my stock screener below pointing to a positive market environment.
The short-term market breadth points to strong momentum and bullishness while the long-term market breadth will take time to work its way to a positive level as long as the market rotation is ongoing to sustain the rally.
Below is the full agenda for the webinar video (1:38:49) on 6 Jun 2023:
15 “low hanging fruits” ( $Itron(ITRI)$ , $ESAB Corporation(ESAB)$ , etc…) trade entries setup + 28 others ( $Dynatrace Holdings LLC(DT)$ , $Uber(UBER)$ , etc…) are discussed in the video (41:35–1:21:37) in the full webinar. Click to visit TradePrecise.com to get more stock market insights in email for free.
Comments
This rally has more twists and turns than a thrilling rollercoaster ride! Hold on tight, stockholder!
The indices were like a team of superheroes, with Russell 2000 leading the charge!
Can you believe it? The market was so excited it rallied together like a rock band! 🎸
Wow, last Friday's price action was like a synchronized dance of the major indices!
S&P 500 broke out of its pivot like a breakdancer showing off some sick moves!