|

S&P 500 dodged bearish breakdown [Video]

Watch the video from the WLGC session on 21 Jan 2025 to find out the following:

  • What key signals should traders watch to confirm a bullish continuation or a return to bearish momentum?

  • Could this be the start of a prolonged trading range, or are we seeing the beginning of a stronger rally?

  • The key level that could attract excessive supply and reverse the current up swing.

Market environment

The bullish vs. bearish setup is 528 to 90 from the screenshot of my stock screener below.

Wyckoff method stock screener

Three stocks ready to soar

19 actionable setups such as RBRK, INTA, ULCC were discussed during the live session before the market open (BMO).

Rubrik (RBRK) stock buy entry signal

Rubrik (RBRK)

Intapp (INTA) stock buy entry signal

Intapp (INTA)

Frontier Group Holdings (ULCC) stock buy entry signal

Frontier Group Holdings (ULCC)

Author

Ming Jong Tey

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.

More from Ming Jong Tey
Share:

Editor's Picks

EUR/USD struggles below 1.1800 ahead of US data, Fedspeak

EUR/USD remains trapped in a tight range below 1.1800 in the European session on Tuesday. The pair struggles amid a modest US Dollar strength and an improvement in risk sentiment, even as US tariff uncertainty lingers. The focus now remains on the US data and Fedspeak. 

GBP/USD stays defensive below 1.3500 as USD firms up

GBP/USD stays on the back foot below 1.3500 in the European trading hours on Tuesday. The pair declines as the US Dollar rebounds from losses recorded over the previous two sessions. Traders will focus on the US weekly ADP Employment Change and Consumer Confidence data due later in the day, along with speeches from Federal Reserve officials.

Gold holds pullback below $5,200 amid USD uptick

Gold holds moderate losses below $5,200 in European trading on Tuesday, though it lacks follow-through selling. Following the previous day's knee-jerk fall in reaction to US President Donald Trump's new global tariffs and the subsequent bounce, the US Dollar attracts fresh buyers ahead of mid-tier data and Fedspeak. 

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Meme coins are facing renewed selling pressure amid fading broad risk-on sentiment so far this week, with Dogecoin, Shiba Inu, and Pepe extending their losses after recent corrections.

AI-scare trade and tariff uncertainty takes hold

It was quite a day, with AI-disruption fears and tariff uncertainty triggering a risk-off session. By now, it's nearly impossible to have missed the Supreme Court's 6-3 decision that struck down US President Donald Trump's reciprocal tariffs last Friday.

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Meme coins are facing renewed selling pressure amid fading broad risk-on sentiment so far this week, with Dogecoin, Shiba Inu, and Pepe extending their losses after recent corrections.