Aggressive Demand Falters in S&P 500: Will a Shakeout Follow?

Ming Jong Tey
2 min readMay 17

Find out why there could be a potential shakeout in S&P 500 due to lacking of aggressive demand and how weak holders could be flushed out. Watch the video below till the end to find out how you should position yourself in this market environment.

The bullish setup vs. the bearish setup is 261 to 233 from the screenshot of my stock screener below pointed a positive market environment.

Yet the market breadth is still neutral towards positive suggested not an easy-money environment. The breakout entry setup on GOOGL and LRCX as discussed in the last session have follow through to the upside, which further proves the key to be very selective in stock picking. Big cap growth is still the dominant theme.

The video above is part of the latest Weekly Live Group Coaching Session (1.5 hours) on 16 May 2023. Join here for full discussion including 20+ trade entry setup every week.

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Ming Jong Tey

I am a Wyckoff trader who practice kaizen in trading. Get Weekly Market Outlook & Best Trading Advice straight to your inbox:

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