Big move coming for S&P 500 according to this market breadth indicator
The bullish divergence in the stock market breadth and the price volume analysis of S&P 500 $S&P 500 Index (.SPX.US)$ using the Wyckoff method suggest a potential big move ahead.
Click and watch the video below on YouTube (Pro Tip: adjust the speed to 1.5–2X). Pay attention to the analogue comparison using the Wyckoff trading method to spot the clues and tell-tale signs for the next big move.
The bullish setup vs. the bearish setup is 106 to 641 from the screenshot of my stock screener below. The bearish setup has spiked from 80 to 641, as the market dropped from 2–4% last week. Yet, the bullish setup has increased from 24 to 106, which was a constructive sign for the bullish scenario despite the bearish market.
Another encouraging sign is the addition of 1 more industry group that outperforms the market on top of the China stocks theme and the Biotech group. Visit TradePrecise.com to get more stock market insights in email for free.
Daily preparation and weekly video analysis are essential for a dicsiplined trader. Meditation daily also help to cultivate any habit I desire in life.
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