Watch the video extracted from the WLGC session before the market open on 2 Apr 2024 below to find out the following:

  • The demand zone that the S&P 500 needs to hold to avoid a meaningful pullback.

  • How the current supply and demand could affect the S&P 500 performance.

  • The likely development for the S&P 500 in the near term.

  • and a lot more…

 

Market environment

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

Although there are plenty of setups, a rotation is already unfolding where the Russell 2000 (small cap) started to outperform while commodities like copper, and crude oil show strong relative strength with better follow-through in individual stocks.

Chart

Market comment

17 “low-hanging fruits” (SM, PGR, etc…) trade entries setup + 18 actionable setups (RNA etc…) and 3 “wait and hold” candidates were discussed during the live session before the market open (BMO).

Chart

SM

PGR

PGR

Chart

RNA

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