Ming Jong Tey
Independent Analyst
Watch the video extracted from the WLGC session on 17 Oct 2023 below to find out the following:
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Which one to bet on between the Nasdaq 100 and S&P 500?
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The immediate direction, key support and resistance of the S&P 500.
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The complete trading plan for Nasdaq 100 as it is building the right handle.
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How could a bearish scenario develop as the war is happening.
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And a lot more.
The bullish vs. bearish setup is 206 to 302 from the screenshot of my stock screener below pointing to a negative market environment.
Both the short-term and long-term market breadth are still inferior as the market is still pulling back or at best consolidating. However, Nasdaq 100 presents a swing trading opportunity (refer to the setup as discussed in the video) as it is building its right handle.
7 “low hanging fruits” (AEO, YELP, etc…) trade entries setup + 20 others (WWD, ANET, etc…) plus 38 “wait and hold” candidates have been discussed during the live session.
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