Market rally or collapse? This chart pattern says it all [Video]

Ming Jong Tey Independent Analyst

Watch the video from the WLGC session on 11 Feb 2025 to find out the following:

Is the market about to break out, or are we setting up for another selloff?
Are bulls gaining control, or is this just another fake rally before a bigger drop?
Why is the 6100 level so important, and what does it tell us about supply and demand?
What key signals should traders watch to anticipate the next big move?
and a lot more...

Market environment

The bullish vs. bearish setup is 373 to 239 from the screenshot of my stock screener below.

Three stocks ready to soar

18 actionable setups such as CART, LMND, RKLB were discussed during the live session before the market open (BMO).

Maplebear (CART)

Lemonade (LMND)

Rocket Lab USA (RKLB)

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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Markets opened July with a December hike as the base case and spent five trading sessions unlearning and relearning it. A 57K payrolls print bled the tightening bets out of the strip; a re-shut Strait of Hormuz is pushing them back in. Wednesday's minutes from the June FOMC meeting landed mid-round-trip, describing a world that had already stopped existing.