The climatic run in SP 500: Topping pattern or sign of strength? [Video]

Ming Jong Tey Independent Analyst

Was the climatic run in S&P 500 after the FOMC last week a topping pattern or a sign of strength?

Watch the video below to find out how to use the Wyckoff method with volume spread analysis to interpret the price action, the key levels to validate the bullish scenario and the target price for S&P 500.

The bullish setup vs. the bearish setup is 380 to 78 from the screenshot of my stock screener below suggested a positive market environment.

Watch out for a successful test as discussed in the video above before the next rally up.

It is better to wait for a pullback for entry setup rather than chasing the extended run for some outperforming stocks as discussed in the live session.

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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