The Bear Case: Bull Flag Failure! -

The Bear Case: Bull Flag Failure!

Sep 04, 2024Jeremy ParkinsonFinance0

Market Update (Sep 4 2024)

There was a spike of the supply level in conjunction with a bearish commitment below the bull flag support at 5580.

This is likely the overdue test of the previous down swing from 17 Jul-5 Aug.

A complex trading range as discussed in the video is still unfolding.

During a market pullback is the best time to look for relative strength in the stocks.

Market EnvironmentThe bullish vs. bearish setup is 910 to 46 from the screenshot of my stock screener below.

Wyckoff method stock screener

3 Stocks Ready To Soar9 “low-hanging fruits” trade entries setups & 27 actionable setups such as were discussed during the live session before the market open (BMO).While the market is taking a hit, we will look for those who drop the least or even bucking the trend, such as VIRT, CHRW, SN.Be patient and wait until the market is ready for a turn or to test the water with smaller position size in the stocks showing outperformance.