This Demand Zone In S&P 500 Needs To Hold -

This Demand Zone In S&P 500 Needs To Hold

Apr 03, 2024Jeremy ParkinsonFinance, No picture0

Image Source: Unsplash
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…

Video Length: 00:02:39

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.

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).