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Is the Stock Market on the Brink of a Meltdown? Here’s What You Need to Know

Ming Jong Tey
3 min readSep 27, 2023

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Watch the video extracted from the live session on 27 Sep 2023 below to find out the following:

  • The deeply oversold level S&P 500 could hit before a technical rally
  • How to spot outperforming stocks during the correction
  • How a shakeout or capitulation scenario could occur
  • The key level for a trend reversal
  • And a lot more

The bullish vs. bearish setup is 202 to 320 from the screenshot of my stock screener below pointing to a negative market environment.

The long-term market breadth also points to a negative environment while the short-term market breadth approaches a deeply oversold level, which could be a meaningful condition for a technical rally.

7 “low hanging fruits” (DELL, ET, etc…) trade entries setup + 13 others (TDW, FTI, etc…) plus 23 “wait and hold” candidates have been discussed during the live session.

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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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