Is It Time for Bargain Hunting to Bet on a Relief Rally?

WYCKOFFPRO
2023-08-17

Watch the video extracted from the live session on 15 Aug 2023 below to find out the following:

  • The very first thing we need to seek on in anticipation of a relief rally.

  • Is now the time for bargain hunting for investing and position trading?

  • How to define a “change of character” bar and why is it significant for predicting a technical rally

  • How to seek confirmation from the volume for a market reversal

  • And a lot more

Since there is a presence of demand as shown in the support zone, it is essential to get a bullish change of character bar (refer to the characteristics as discussed in the video) before betting on a relief rally. $S&P 500(.SPX)$ @TigerStars

The bullish vs. bearish setup is 309 to 208 from the screenshot of my stock screener below pointing to a positive market environment. Yet, the increase in market volatility makes it challenging for upside follow-through for the majority of the stocks.

12 “low hanging fruits” ( $Clean Harbors(CLH)$ , $Quanta(PWR)$ , etc…) trade entries setup + 24 others ( $PulteGroup(PHM)$ , $nVent Electric plc(NVT)$ , etc…) plus 8 “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.

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

  • kookiz
    2023-08-17
    kookiz

    SPX Hedging is an indispensable tool for traders who understand the importance of preserving capital. By implementing effective hedging strategies, you can reduce the impact of market corrections and drawdowns, saving time and avoiding unnecessary setbacks.

  • frostiix
    2023-08-17
    frostiix

    ETF Sentiment: SPX is the #7 ETF that institutions are trading with 32.1K options contracts.

  • cheeryx
    2023-08-17
    cheeryx

    SPX is currently through GS short term CTA threshold trigger

  • Tangan
    2023-08-17
    Tangan
    Thanks
  • AuntieAaA
    2023-08-17
    AuntieAaA
    GOOD
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