Aggressive Demand Falters in S&P 500: Will a Shakeout Follow?

WYCKOFFPRO
2023-05-17

Find out why there could be a potential shakeout in S&P 500 due to lacking of aggressive demand and how weak holders could be flushed out. Watch the video below till the end to find out how you should position yourself in this market environment. @TigerStars $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $DJIA(.DJI)$ $Invesco QQQ Trust(QQQ)$ $Alphabet(GOOGL)$ $Lam Research(LRCX)$

The bullish setup vs. the bearish setup is 261 to 233 from the screenshot of my stock screener below pointed a positive market environment.

Yet the market breadth is still neutral towards positive suggested not an easy-money environment. The breakout entry setup on GOOGL and LRCX as discussed in the last session have follow through to the upside, which further proves the key to be very selective in stock picking. Big cap growth is still the dominant theme.

The video above is part of the latest Weekly Live Group Coaching Session (1.5 hours) on 16 May 2023. 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

  • BruceBryant
    2023-05-18
    BruceBryant

    Anyone with past history thinks McCarthy will do a deal that gives talking points away is naive it’s posturing for blame

  • WebbBart
    2023-05-18
    WebbBart

    you can see the turning point is coming with all the euphoria. happens every time

  • JohnMitchell
    2023-05-18
    JohnMitchell

    Just wanna let y’all know for option volume tmr the puts got some insane volume

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