S&P 500: More Weakness Ahead or Is the Bottom Finally In?

Ming Jong Tey
2 min readSep 11, 2024

Watch the video extracted from the WLGC session before the market opens on 10 Sep 2024 to find out the following:

  • Could the current technical rebound lead to a sustained rally, or is it just a short-lived bounce?
  • How would the recent increase in supply and volatility impact the S&P 500?
  • The key area the S&P 500 needs to commit to flip to an upward bias.
  • And a lot more…

Market Environment

The bullish vs. bearish setup is 398 to 211 from the screenshot of my stock screener below.

Wyckoff method stock screener

3 Stocks Ready To Soar

9 “low-hanging fruits” trade entries setups & 14 actionable setups were discussed during the live session before the market open (BMO).

As the market broke down from the bullish flag pattern last Tuesday and dropped continuously for 4 sessions, a handful of the stocks manifest relative strength.

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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/