How These Two Forces Could Send The Stock Market Spiraling Down!

WYCKOFFPRO
2023-03-15

The spike of the volume (supply) and the volatility last week due to Powell testified in the congress and the collapse of the banks negated the bullish sentiment.

Watch the video below to find out how these two forces could threaten to sink the S&P 500 and the key levels for short-term swing trading opportunities. @TigerStars $SPDR S&P 500 ETF Trust(SPY)$ $S&P 500(.SPX)$ $Invesco QQQ Trust(QQQ)$ $NASDAQ(.IXIC)$ $DJIA(.DJI)$

The bullish setup vs. the bearish setup is 57 to 351 from the screenshot of my stock screener below pointed a flip in the market sentiment to bearish.

The damage to the stock market breadth will take time to recover. Should the market sentiment improves, be patient to wait for the trade entry setup. The resume of the increasing supply with excessive volatility using the analogue as discussed in the video above could see more weakness ahead in S&P 500.

The video above is part of the latest Weekly Live Group Coaching Session (1.5 hours). Click to visit TradePrecise.com to get more stock market insights in email for free.

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

  • BerryNat
    2023-03-15
    BerryNat
    Thanks for sharing. Watching to see what happens next.
  • lpb
    2023-03-17
    lpb
    thanks for your insights
  • Juliaaa11
    2023-03-18
    Juliaaa11
    We should be concerned about these two forces...
  • Trevelyan
    2023-03-18
    Trevelyan
    This week was not that bad, wait for next week
  • PapaSierraK
    2023-03-17
    PapaSierraK
    oo
  • KSR
    2023-03-17
    KSR
    🌞
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