Market rotation into this juicy group could put a cap on Nasdaq [Video]

Ming Jong Tey Independent Analyst

Watch the video extracted from the live session on 11 Jul 2023 below to find out the following:

The dilemma the market is facing between the seasonality and the end-of-quarter effect.
The ongoing market rotation that will benefit this juicy group.
How to derive the likely scenario for S&P 500 using Wyckoff's efforts vs results.
The key levels to watch out for.
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.

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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