Bear Market Rally Or Stock Market Bottom?

WYCKOFFPRO
2022-11-17

Has the stock market hit the bottom or is this a bear market rally to trap the bull? The bullish momentum bar reacted the CPI on last Thursday marked a significant milestone in S&P 500.

Watch the video to find out how you can form a sound trading plan with the Wyckoff trading method to ride on the trend on either direction at these key levels. @TigerStars $SPY(SPY)$ $NASDAQ(.IXIC)$ $S&P 500(.SPX)$ $DJIA(DJIA)$ $Invesco QQQ Trust(QQQ)$ 

The bullish setup vs. the bearish setup is 455 to 57 from the screenshot of my stock screener below.

It is essential to pay attention to the price action and volume in S&P 500 and to identify a Wyckoff change of character for early detection of potential trend change.

Meanwhile, these are many outperforming stocks trending up as shown up in the stock screener despite the choppiness formed in the indices. Do look for strong relative strength as shown up in the individual stocks when identifying the winning stocks for swing trading. Visit www.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

  • kuppi
    2022-11-18
    kuppi
    Honestly the bottom can be further away.
    it all dpends on few key factors. we hv seen a water fall many times when major events and decisions are made.

    corona was the beginning. Since then we have sèen the market is heading south.
    in between some market correcrions makes it a roller coster effect.But the market is still bearish. it can go bottom again as a final conclusion

  • artcore
    2022-11-18
    artcore
    I think we havent seen the bottom yet. Thanks for sharing
  • limnorth
    2022-11-18
    limnorth
    With the thanksgiving holiday coming, will we see the market to be sluggish?
    • iNkwiziTs: 
      I'm leaning towards flat curves which is What's happening now.
  • iNkwiziTs
    2022-11-17
    iNkwiziTs
    the answer depends whether you're an investor or trader. ok it's definitely a 'bull trap' for a trader and an great stock shopping for an investor.
  • jasmine_tan
    2022-11-18
    jasmine_tan
    thanks for sharing
  • Snakewood
    2022-11-17
    Snakewood
    🤔🤔🤷‍♂️😵‍💫😵‍💫🙏🤞
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