Reversal Trading For S&P 500 At This Turning Point
After an impulsive down wave in S&P 500 after the FOMC rate hike, it is still testing the key area with possible more weakness ahead to be triggered by the coming CPI announcement.
Watch the video below to find out how you can take advantage with a simple trading plan to trade the reversal in S&P 500 at the key area with multiple timeframe analysis using Wyckoff method. @TigerStars $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $DJIA(.DJI)$ $SPY(SPY)$ $Invesco QQQ Trust(QQQ)$
The bullish setup vs. the bearish setup is 493 to 130 from the screenshot of my stock screener below.
There is certainly smart money rotation from the Nasdaq into the Dow Jones, which is a typicalsector rotationfrom growth into the value theme. There are many mega cap stocks from the hitting new high while some high reward to risk trade entry setup. These are still the outperforming stocks since the low formed in October and should be the one to focus when you are looking tofind the winning stocksfor swing trading.
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