Confluence Zone Swing Trading Opportunity With Big Move Coming Soon?

Ming Jong Tey
2 min readDec 14, 2022

There is swing trading opportunity at this confluence zone with potential big move coming soon in S&P 500 based on the Wyckoff trading method upon the release of the CPI data and the coming up FOMC by the Fed.

Watch the video below to find out the key levels for the swing trading entry point within the confluence area.

The bullish setup vs. the bearish setup is 301 to 121 from the screenshot of my stock screener below.

Excessive volatility is to be expected especially during the CPI data release and the FOMC by the Fed. Sign of strength rally breakout usually turns out as Wyckoff upthrust because of the volatility in 2022. Hence selling into strength is still the preferred trade management strategy in this year.

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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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