The one thing traders should do when trading Wyckoff sign of strength rally – S&P 500 day trading [Video]

Ming Jong Tey Independent Analyst

Find out the one thing every trader should do when trading the Wyckoff sign of strength rally in order to increase the winning rate.

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 23 Dec 2020 trading session. In this video, you will find out the market recap during the last session and a trade review in the three-minutes timeframe (including entry, exit and the rationale behind). Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later.

Watch my market analysis video in the last session if you haven’t in order to better relate to the market recap and the trade review.

Bias — neutral (Day trading); bullish (long term)

Key levels — Resistance: 3750, 3720, 3700; Support: 3670–3680

Potential setup — Look for potential reversal at the key levels.

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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