Start of A Bear Market or Normal Market Correction? A Detailed Analysis on S&P 500

Ming Jong Tey
4 min readNov 28, 2021

The black Friday selloff on 26 Nov 2021 triggered by the COVID-19 variant — Omicron was significant and certainly is a change of character in S&P 500, Dow Jones and Russell 2000. Nasdaq was the strongest despite dropping close to 2% and it still did not break the swing low support near 15900.

Daily chart of 4 US major indices

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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/