BUSINESS

This search recordsdata from zone in S&P 500 needs to take [Video]

Gape the video extracted from the WLGC session earlier than the market start on 2 Apr 2024 below to search out out the next:

  • The search recordsdata from zone that the S&P 500 needs to take to live some distance from a meaningful pullback.

  • How the recent provide and search recordsdata from might per chance perchance hold an influence on the S&P 500 efficiency.

  • The doubtless development for the S&P 500 in the approach duration of time.

  • and loads extra…

Market atmosphere

The bullish vs. bearish setup is 629 to 74 from the screenshot of my inventory screener below.

Though there are masses of setups, a rotation is already unfolding where the Russell 2000 (puny cap) started to outperform while commodities luxuriate in copper, and impolite oil note proper relative energy with better voice-through in person shares.

Chart

Market comment

17 “low-placing fruits” (SM, PGR, etc…) trade entries setup + 18 actionable setups (RNA etc…) and 3 “wait and take” candidates had been mentioned at some level of the are residing session earlier than the market start (BMO).

Chart

SM

PGR

PGR

Chart

RNA

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