Trading Secrets 29-05-2024 23:01 37 Views

Failed Bearish Patterns are Bullish for S&P 500!

In this edition of StockCharts TV's The Final Bar, Dave welcomes Frank Cappelleri, CMT CFA of CappThesis. Frank shares how the bull market phase has been marked by confirmed and completed bullish patterns and failed breakdowns after bearish patterns. Meanwhile, Dave discusses the rising interest rate environment, what it means for the equal-weighted S&P to underperform the regular cap-weighted SPX, and how charts like LUV remain firmly in a bearish trend.

You can find Dave's chart showing equal-weighted vs. cap-weighted $SPX here.

This video originally premiered on May 29, 2024. Watch on our dedicated Final Bar page on StockCharts TV!

New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.

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