The Bullish Patterns You Need To Know That Drive The Short Covering Rally in S&P 500

WYCKOFFPRO
2022-03-21

Find out the 3 bullish reversal patterns that provide early warning before the short covering rally in S&P 500 $S&P 500(.SPX)$ .

Click and watch the video below on YouTube (Pro Tip: adjust the speed to 1.5–2X):

The bullish market sentiment is also reflected in my stock screener where the bullish setup outnumbers the bearish setup (274 vs 14). Refer to the screenshot below:

The focus of the stock selection is still on those outperforming stocks instead of the oversold stocks (like a lot of the technology / growth stocks).

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 $Alibaba(BABA)$ $Apple(AAPL)$ $Tesla Motors(TSLA)$ $NIO Inc.(NIO)$ 

Safe trading.

Ming Jong Tey

# Technical Analysis

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.

Report

Comment

  • Top
  • Latest
  • WYCKOFFPRO
    ·2022-04-03
    $FUT:CME Bitcoin - main(BTCmain)$ accumulation is near completion. A break above 48000 should challenge 54000. Failure below 44000 could violate the bullish case and turn into a complex structure
    Reply
    Report
  • WYCKOFFPRO
    ·2022-03-28
    The best time to determine the strength of selective stocks is during a market pullback $S&P 500(.SPX)$ You can easily find out the group that outperforms either bucking the trend or consolidating.
    Reply
    Report
  • WYCKOFFPRO
    ·2022-03-27
    Agriculture commodity milling group like $Archer-Daniels Midland(ADM)$ $Bunge(BG)$ lead the way up. Looking at a small cap for entry to catch up. Love Fertilizers like $Nutrien Ltd.(NTR)$
    Reply
    Report
  • WYCKOFFPRO
    ·2022-03-26
    While $S&P 500(.SPX)$ keep edging higher approaching the target zone 4550-4600, commodity stocks still outperform. Gold, crude oil, copper, steel, aluminium, agriculture like food, fertilizer, etc..
    Reply
    Report
  • WYCKOFFPRO
    ·2022-03-21
    Gold, crude oil, uranium, copper, aluminium, and soft commodity stocks like $Sprouts Farmers(SFM)$ are showing strength. Low risk entry in many of them compared to deeply oversold growth stocks.
    Reply
    Report
  • WYCKOFFPRO
    ·2022-03-25
    $S&P 500(.SPX)$ is still up until a reversal happens. Resistance at 4600, support at 4440, 4400.

    Commodities still outperform. Low risk entry back up reversal shows up in number of restaurant stocks

    Reply
    Report
  • WYCKOFFPRO
    ·2022-03-24
    A change of character bar yesterday in $S&P 500(.SPX)$ and major indices. Look for a test and confirmation for down swing. Commodity stocks show strength and outperform. Still riding on them.
    Reply
    Report
  • WYCKOFFPRO
    ·2022-03-23
    Approaching the target zone $S&P 500(.SPX)$ A natural place to attract short sellers. It would be interesting to see the extent of the first reaction when it happens. Phase B of range 4100-4600?
    Reply
    Report
  • WYCKOFFPRO
    ·2022-03-22
    Yesterday test in $S&P 500(.SPX)$ was constructive for the bulls. Marine shipping also showing strength, which is related to commodity theme. ZIM and $Danaos(DAC)$ are leaders. A few small cap too.
    Reply
    Report
  • muiee
    ·2022-03-22
    Thanks for sharing. Many good youtube videos too. Like your clear explanation [Salute]
    Reply
    Report
  • Hehehehohoho
    ·2022-03-21
    Thanks for the sharing!
    Reply
    Report
  • moonzo
    ·2022-03-21
    The S&P 500 is a good investment strategy to avoid the risks associated with a single stock.
    Reply
    Report
  • snoozi
    ·2022-03-21
    I personally like the S&P 500 very much and I have been holding funds related to it.
    Reply
    Report
  • DragonTycoon
    ·2022-03-23
    always be cautious
    Reply
    Report
  • adeley
    ·2022-03-22
    where's the bull again?><
    Reply
    Report
  • Vgreen
    ·2022-03-22
    Great ariticle, would you like to share it?
    Reply
    Report
  • longLong
    ·2022-04-03
    [开心]
    Reply
    Report
  • alex alexalex
    ·2022-04-03
    b
    Reply
    Report
    Fold Replies
  • nick220
    ·2022-03-28
    gogogo
    Reply
    Report
  • longLong
    ·2022-03-27
    [得意]
    Reply
    Report