Watch the video below to find out how to use Wyckoff’s effort vs result volume spread analysis to anticipate the direction bias of S&P 500 for short-term swing trading and day trading.
Do stay till the end to find out the leading index (and the constituents stock holdings) you should focus on.
The bullish setup vs. the bearish setup is 287 to 264 from the screenshot of my stock screener below pointed a positive market environment despite a drop from last week (438 vs 160). $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ(.IXIC)$ $DJIA(.DJI)$ $Invesco QQQ Trust(QQQ)$ @TigerStars
The outperformance in Nasdaq 100 is dependent on a handful of the heavy weight stocks. The market breadth is still neutral towards positive. A strong breakout momentum in the indices should improve the overall market breadth. The neutral market breadth together with the indices masking the weakness match the current macro picture, which is favorable to the big cap stocks.
The video above is part of the latest Weekly Live Group Coaching Session (1.5 hours) on 25 Apr 2023. Click to visit TradePrecise.com to get more stock market insights in email for free.
Comments
Don’t hate me to bearish but hate the cycle
I’d like to think more on bullish trend.
Thanks for sharing. will watch the video first.
Boom! Cramer nailed it again!