Week 23 Market Roundup — Climatic Movement & Rotation in play plus sentiment indicators

Ming Jong Tey
6 min readJun 7, 2020

We had witnessed V-shape rebound in NASDAQ 100 to break all time high last Friday while the Dow, S&P 500 and the Russell 2000 also rally in sync. The S&P 500's target at 3210 based on the axis line as mentioned in my daily market analysis video on Friday (before market open) was hit on Friday followed by a rejection and closed at 3186.

Despite NASDAQ hit all time high, it is actually a laggard among the 4 indices as the rotation from COVID-19 stocks to the economic re-opening stocks…

--

--

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/