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🎯 Is This A Healthy Pullback or the Prelude to a Market Crash? This Analogue Reveals Clues

Ming Jong Tey
3 min readOct 25, 2023

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Watch the video extracted from the WLGC session on 24 Oct 2023 below to find out the following:

  • How to use an analogue comparison to judge the current market trend?
  • The existing red flag that traders and investors need to be very cautious
  • The bearish case that the bull must watch out for
  • The key level the S&P 500 needs to commit to kick-start a relief rally
  • And a lot more

The bullish vs. bearish setup is 39 to 567 from the screenshot of my stock screener below pointing to a negative market environment.

Despite the long-term market breadth signals a red flag while the short-term market breadth approaches the deeply oversold level, it is critical to monitor the S&P 500 as discussed in the video to get the confirmation.

4 “low hanging fruits” (TRMD, CXW, etc…) trade entries setup + 7 others (TSLA, EDU, etc…) plus 25 “wait and hold” candidates have been…

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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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