Beware! Red Flags in the Market - Is the Bull Run About to Hit a Roadblock

WYCKOFFPRO
2023-08-01

Watch the video extracted from the live session on 31 Jul 2023 below to find out the following:

  • How to detect the red flags for a potential topping formation.

  • The first red flag showed up on 27 Jul 2023 and how to seek confirmation

  • The healthy characteristics in the uptrend since Jun 2023

  • The critical level S&P 500 needs to hold before the start of the meaningful pullback

  • And a lot more

One red flag was spotted in S&P 500 and confirmation is needed to violate the short-term rally before starting a meaningful pullback as discussed in the video. @TigerStars $S&P 500(.SPX)$

The bullish vs. bearish setup is 654 to 67 from the screenshot of my stock screener below pointing to a positive market environment.

8 “low hanging fruits” ( $Vertiv Holdings LLC(VRT)$ , $TopBuild(BLD)$ , etc…) trade entries setup + 28 others ( $BILL HOLDINGS INC(BILL)$ , $Riot Blockchain, Inc.(RIOT)$ , etc…) plus 15 “wait and hold” candidates have been discussed during the live session. Click to visit TradePrecise.com to find out the top 3 unknown stocks ready to soar for free via email.

The recipe to maximize the profit

Here is a recent win from a WLGC member’s trading portfolio.

The stocks above are from the live weekly session and there are at least another dozen of stocks in the portfolio (not shown).

Here are the keys to maximizing the profit:

  1. Great entry with a decent reward-to-risk ratio

  2. Manage the positions from swing trading to position trading until topping formation shows up.

  3. Trim the under-performers and add positions to the winners.

Note: switching from swing to position trading is essential during a sustainable rally in order to maximize the profit.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • LeonaClemens
    2023-08-02
    LeonaClemens

    The stock market has been on a bull run for the past few years, but there are some red flags that suggest that the market could be nearing a top.

  • AndreaClarissa
    2023-08-02
    AndreaClarissa

    High valuations could make stocks more vulnerable to a correction because they leave little room for error.

  • BarbaraWillard
    2023-08-02
    BarbaraWillard

    It is important to note that these are just some of the red flags to watch out for.

  • MaudNelly
    2023-08-02
    MaudNelly

    The stock market is cyclical, and there will always be periods of volatility.

  • BruceBryant
    2023-08-02
    BruceBryant

    Be careful don’t be too greedy

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