The Climatic Run in S&P 500: Topping Pattern or Sign of Strength?

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. @TigerStars $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $DJIA(.DJI)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ Trust(QQQ)$ 

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.

The video above is part of the latest Weekly Live Group Coaching Session (1.5 hours). Click here to visit www.TradePrecise.com to get more stock market insights in email for free.

# 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.

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  • Harun Bin Hassim
    ·2023-02-09
    Thanks for sharing and very good for my knowledge
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  • Harun Bin Hassim
    ·2023-02-09
    Great ariticle, would you like to share it?
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  • Nanamoney
    ·2023-02-09
    thanks for sharing
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  • [得意][得意]
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  • freedomman
    ·2023-02-09
    [比心]
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  • 薇红
    ·2023-02-09
    [微笑]
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  • Pug Taco
    ·2023-02-09
    [Strong]
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  • CloudySeason
    ·2023-02-09
    👍🏻
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  • Wealthliner
    ·2023-02-09
    nice
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  • MaoSheng
    ·2023-02-09
    👍
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  • Limhockmeng
    ·2023-02-09
    wow
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    • Edrawdet
      ok
      2023-02-09
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  • Kkhkkh
    ·2023-02-09
    n
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  • GinOng
    ·2023-02-09
    Notef
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