is this bullish reversal signal the key to huge gains ahead?

Ming Jong Tey
3 min readJun 5, 2024

Watch the free-preview video below extracted from the WLGC session before the market opens on 4 Jun 2024 to find out the following:

  • what the change of character bar with increasing supply indicates about market sentiment.
  • how does the key confirmation level act as a confirmation point for market movements
  • this outperforming industry group that is holding up the index
  • The divergence signal prompts a red flag as the index turns higher.
  • And a lot more…

Market Environment

The bullish vs. bearish setup is 345 to 143 from the screenshot of my stock screener below.

Wyckoff method stock screener

Both the long-term and short-term market breadth have been decreasing compared to last week and …

Only limited theme/industry groups show strength despite the index moving higher.

I highlighted my favourite in this email update 1 day before the live session (refer to the post below):

--

--

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/