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Beware! Red Flags in the Market — Is the Bull Run About to Hit a Roadblock

Ming Jong Tey
3 min readAug 1, 2023

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Watch the video extracted from the live session on 31 Jul 2023 below to find out the following:

  • How to detect the red flags for a potential topping formation.
  • The first red flag showed up on 27 Jul 2023 and how to seek confirmation
  • The healthy characteristics in the uptrend since Jun 2023
  • The critical level S&P 500 needs to hold before the start of the meaningful pullback
  • And a lot more

One red flag was spotted in S&P 500 and confirmation is needed to violate the short-term rally before starting a meaningful pullback as discussed in the video.

The bullish vs. bearish setup is 654 to 67 from the screenshot of my stock screener below pointing to a positive market environment.

8 “low hanging fruits” (VRT, BLD, etc…) trade entries setup + 28 others (BILL, RIOT, etc…) plus 15 “wait and hold” candidates are discussed in the video (50:10) accessed by subscribing members below.

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Ming Jong Tey
Ming Jong Tey

Written by Ming Jong Tey

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

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