Market Reversal Alert: Unveiling a Strategic Trading Plan from the Resistance Zone

Ming Jong Tey
2 min readMay 1, 2024

Watch the free-preview video above extracted from the WLGC session before the market open on 30 Apr 2024 below to find out the following:

  • How to spot the momentum exhaustion in the S&P 500
  • The pivot point to confirm the potential reversal scenario
  • A key sign traders are looking for when a reversal happens
  • How to identify a meaningful resistance zone
  • And a lot more…

The reversal was anticipated 1 day before the live session as posted in the 30s market update post on 29 Apr 2024.

Market Environment

The bullish vs. bearish setup is 233 to 142 from the screenshot of my stock screener below.

--

--

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/