Ming Jong Tey
Independent Analyst
Watch the video extracted from the live session on 11 Jul 2023 below to find out the following:
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The dilemma the market is facing between the seasonality and the end-of-quarter effect.
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The ongoing market rotation that will benefit this juicy group.
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How to derive the likely scenario for S&P 500 using Wyckoff's efforts vs results.
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The key levels to watch out for.
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And a lot more.
The bullish vs. bearish setup is 485 to 157 from the screenshot of my stock screener below pointing to a positive market environment.
The long-term market breadth is still above 50 while the short-term market breadth pullback slightly. Overall, this still points to a healthy market environment where more than 50% of the stocks are above the 150/200 day Moving Average (MA). 14 “low hanging fruits” (XRT, TTD, etc…) trade entries setup + 38 others (ABNB, BILL, etc…) have been discussed during the live session.
Trade Setup from 2 weeks ago: GLBE
GLBE was first discussed on 6 Jun 2023 and the subsequent live sessions while the cup and handle pattern is forming the right handle. GLBE is building a bull flag pending a breakout now, which could be a potential opportunity for scaling in.
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