Strong Rally Ahead in S&P 500 When This Bullish Price Volume Pattern Commits Above ___
When S&P 500 $S&P 500 Index(.SPX.US$ $SPDR S&P 500 ETF(SPY.US$ 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. $Nasdaq Composite Index(.IXIC.US$
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