Strong Rally Ahead in S&P 500 When This Bullish Price Volume Pattern Commits Above ___
When S&P 500 completes this bullish price volume pattern, it is expected to test higher price targets and attract traders and investors who are on the sidelines. Price targets based on the Point and Figure chart are covered in the video.
Click and watch the video below on YouTube (Pro Tip: adjust the speed to 1.5–2X). Pay attention to the key levels and the price and volume characteristics for bull and bear case as shown in the video.
The bullish setup vs. bearish setup is 355 vs 246 from the screenshot of my stock screener below. Bearish trade setup has increased from last week yet there are many high quality bullish setup while the market is consolidating.
Short-term uptrend is still intact until proven otherwise by a meaning reversal commits below the key level as mentioned in the video. This up swing is still a tradeable bear rally.
Safe trading. If you are day trading the US futures or swing trading for Malaysia and US stocks, do check out my YouTube Channel: Ming Jong Tey for additional videos and resources. @TigerStars $S&P 500(.SPX)$ $Alibaba(BABA)$ $NVIDIA Corp(NVDA)$ $Apple(AAPL)$ $Tesla Motors(TSLA)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Do you agree?