Bulls on break? Navigating the aftermath of up momentum burnout [Video]

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...

The 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.

This could be a potential market rotation into the small-cap stocks as discussed during the live session last week, as shown in the tweet below.

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).

FTAI stock entry buy point

VRT stock entry buy point

U stock entry buy point