Watch the full webinar from the WLGC session before the market open on 20 Dec 2023 below to find out the following:
How to manage the trades in this extended market.
Will the Dec 2021 market crash repeat itself?
Price action analysis on S&P 500, Nasdaq 100, Dow Jones, Russell 2000, Gold, Silver, Bitcoin, Dollar Index, Crude Oil
Market breadth analysis to gauge the long-term and short-term market health.
33 US stocks entry setup with a trading plan
13 Malaysia (Bursa) stocks entry setup with a trading plan
The bullish vs. bearish setup is 558 to 59 from the screenshot of my stock screener below pointing to a healthy and positive market environment.
The bull-to-bear ratio hits 10:1, which is considered as complacency for the bull as discussed in the video.
Although the bull has been in control for weeks as discussed in the tweet below, we need to stay cautious because of the overbought and overextended condition, which is not sustainable.
“There was an attempt to go down. On Wednesday here is the bar that shows rejection and also close at the low.
This is where the bear could grab a upper hand and take the control from there, but did we have a follow through to the downside? ” #SP500 $ES $SPX pic.twitter.com/BpqKwFsPmp
— Ming Jong Tey (@MingJong) December 13, 2023
3 “low-hanging fruits” (ARM, HRB, etc…) trade entries setup + 30 others ( GTLB etc…) plus 9 “wait and hold” candidates are discussed in the full webinar above.
Source: https://www.fxstreet.com/news/will-the-dec-2021-market-crash-repeat-itself-video-202312210155