Market correction, bubble or crash? S&P 500 price action analysis [Video]

Ming Jong Tey Independent Analyst

S&P 500 futures (ES) slumped 2.5% yesterday with spike of the supply and broke below the up channel. Is this a normal market correction?

Find out the market direction with price action trading strategy on top of volume spread analysis and the Wyckoff concept to anticipate where the correction might stop and what to expect next. Watch the video below:

Timestamps

1:38 Comparison of change of character bar — huge bearish bar.
3:40 Increasing supply level creating a sign of weakness down wave.
6:38 First level of support with most bullish scenario.
7:50 Immediate resistance level.
9:15 Second support area.
12:10 Bubble scenario.
13:12 Crash scenario.

Author

Ming Jong Tey

Independent Analyst

Ming Jong Tey has been trading since 2008. He started his learning journey from technical analysis (indicators, Fibonacci, etc...) to value investing. Throughout his journey, he develops an interest in price action with chart pattern trading.

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