Tired Bull or Ready for Another Charge? Decoding the Up Momentum Puzzle

Ming Jong Tey
2 min readNov 29, 2023

Watch the video extracted from the WLGC session before the market open on 28 Nov 2023 below to find out the following:

  • How to spot the fading of the up momentum.
  • Analogue comparison using the monthly chart for the S&P 500 long-term trend
  • Assessment of the supply level for the strong rally since November
  • The #1 thing you need to pay attention to regarding the trend reversal.
  • And a lot more…

The bullish vs. bearish setup is 342 to 168 from the screenshot of my stock screener below pointing to a healthy and positive market environment.

11 “low-hanging fruits” (PHM, VST, etc…) trade entries setup + 22 others ( GBTC etc…) plus 8 “wait and hold” candidates have been discussed during the live session before the market open (BMO).

PHM stock trading plan
PHM
VST stock trading plan
VST
GBTC stock trading plan
GBTC

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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/