Has the Rally Lost Steam? Price, Momentum, and Volume Hold the Clues!

Ming Jong Tey
2 min readJan 3, 2024

Watch the video extracted from the WLGC session before the market open on 2 Jan 2024 below to find out the following:

  • The key support zone S&P 500 needs to hold
  • How the market correction could unfold.
  • The first red flag and the condition you need to know.
  • The most important thing you should do to deal with the current market
  • And a lot more…

The bullish vs. bearish setup is 272 to 26 from the screenshot of my stock screener below pointing to a healthy and positive market environment (despite a sharp decrease from 600++ bullish setups).

Wyckoff method stock screener

6 “low-hanging fruits” (JPM, CRWD, etc…) trade entries setup + 28 others (LOGI etc…) plus 14 “wait and hold” candidates have been discussed during the live session before the market open (BMO).

JPM
CRWD
LOGI

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Resources

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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: https://www.tradeprecise.com/