Stopping action detected: Get ready for a bounce at this support zone [Video]
Watch the video extracted from the live session on 27 Jun 2023 below to find out the following:
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Current market conditions, specifically the pullback and the support zone to watch for a potential bounce.
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1 outperformance industrial group that stood out during the market pullback.
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Using the volume spread analysis to spot the stopping action with hidden demand.
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The characteristics of a change of character wave for a trend reversal.
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And a lot more.
The bullish vs. bearish setup is 282 to 136 from the screenshot of my stock screener below pointing to a positive market environment. Even though the market was pulling back last week, there is still no shortage of bullish trade setups.
The short-term market breadth dropped below 50 confirming the market is in a pullback mode. 15 “low hanging fruits” (AZEK, TTD, etc…) trade entries setup + 28 others (TOL, Z, etc…) have been discussed during the live session.