S&P 500's Wyckoff Change Of Character Bar - What You Need To Know

black android smartphone turned on screen Image Source: Unsplash
Watch the video extracted from the WLGC session before the market open on 26 Dec 2023 below to find out the following:

How to identify a “change of character bar” in the market

The 2 key elements to determine a “threatening condition”

The key support zone for the S&P 500

The immediate price target and the potential path for the S&P 500

And a lot more…

Video Length: 00:05:07The bullish vs. bearish setup is 665 to 27 from the screenshot of my stock screener below pointing to a healthy and positive market environment.The two short-term market breadth hit the overbought level together with the overbought and overextended condition reflected in the price action in the S&P 500.This is a sign of complacency in the market, which we should be aware of and cautious of while riding the strong uptrend.

Bullish setup vs Bearish setup from my stock screener

15 “low-hanging fruits” (GPS, FERG, etc…) trade entries setup + 21 others (U etc…) plus 10 “wait and hold” candidates have been discussed during the live session before the market open (BMO).

More By This Author:Market Reversal?
Did This Surprising Signal Just Set The Stage For A Market Rally To All-Time Highs In 2023
Bulls On Break? Navigating The Aftermath Of Up Momentum Burnout