Is There Gas In The Tank For A Rally? | Bruce Fraser (05.19)
Power Charting with Bruce Fraser • 26m
The S&P500 has been crowding up against important overhead resistance. This episode begins with a discussion of the internal characteristics of breadth to determine if conditions are improving and could propel stocks upward into a new uptrend. Point & Figure analysis is considered for the extent of how far a rally could go.
A classic Wyckoff chart reading case study follows. This is an integration exercise that combines Vertical bar charts and Point & Figure Analysis into a comprehensive study, as only the Wyckoff Method can do.
Symbols List: $COMPQ $SPX $NDX $NDXA50R $NYA50R NEWR
Links:
Best of Wyckoff 2023 Unconference:
https://www.wyckoffanalytics.com/event/best-of-wyckoff-2023-unconference/
Connect with Bruce -
Website: https://wyckoffanalytics.com
Blog: https://stockcharts.com/articles/wyckoff/
https://twitter.com/rdwyckoff
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