Here are the bullish tell-tale signs detected in S&P 500 and what to watch for [Video]

Ming Jong Tey Independent Analyst

The pullback reversal at the axis line in conjunction with Wyckoff’s efforts vs results suggested presence of demand.

Watch the video below to find out how to use the Wyckoff method to detect the bullish subtle changes in S&P 500 and what to expect next for the bullish scenario and when it will be violated.

The bullish setup vs. the bearish setup is 873 to 29 from the screenshot of my stock screener below. This is another positive sign, which is inline with the improving market breadth to support the bull case on top of the bullish changes in the price action.

As the S&P 500 attempts to break above the supply line of the down channel, pay attention to the possible reaction as illustrated in the video above for the bullish case and where the failure could occur.

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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