Bulls On Break? Navigating The Aftermath Of Up Momentum Burnout

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Watch the video extracted from the WLGC session before the market open on 5 Dec 2023 below to find out the following:

How to analyze the shortening of the up wave and its context.

How to interpret the recent increase in the supply level

The 2 immediate support levels (#2 is more meaningful for a major reaction)

How the market is testing the current resistance zone.

And a lot more…

Video Length: 00:06:44The bullish vs. bearish setup is 394 to 45 from the screenshot of my stock screener below pointing to a healthy and positive market environment.

Both the long-term market breadth (200 MA & 150 MA) are above 50%, which are very healthy for a sustainable rally.The short-term market breadth (20 MA) is at the overbought level, which is a sign of strength. Watch out for a pullback/consolidation as some stocks are extended.9 “low-hanging fruits” (FTAI, VRT, etc…) trade entries setup + 19 others ( U etc…) plus 15 “wait and hold” candidates have been discussed during the live session before the market open (BMO).

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