Where Could This Bear Market Rally Peak?

Ming Jong Tey
2 min readNov 23, 2022

Since the bullish momentum bar reacting the CPI on 10 Nov 2022, S&P 500 has been trending up without threatening price action and excessive supply. Despite the long term direction is still down together with the gloomy macro, the price action and the volume still suggest the least resistance path is up based on the Wyckoff trading method.

Watch the video below to find out where could this bear market rally peak and what to expect next for a bearish scenario and at what point could it be violated.

--

--

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/