Failed Bearish Patterns Are Bullish for S&P 500!

StockCharts TV May 29, 2024
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05.29.24: Final Bar host David Keller, CMT 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. David discusses the rising interest rate environment, what it means for the equal-weighted S&P to under-perform the regular cap-weighted SPX, and how charts like LUV remain firmly in a bearish trend. Dave's chart showing equal-weighted vs. cap-weighted $SPX: https://schrts.co/xmJWHbxb 👀 See what better financial charting can do for you! Start your FREE 1-month trial today at https://stockcharts.com 👍🏻 If you enjoyed this video be sure to hit the THUMBS UP ✅ If you found value, consider SUBSCRIBING to our channel and ring the bell so you never miss a new video! Subscribe Here: https://tinyurl.com/wvet7qj 00:00 - Welcome to the Show! 01:08 - Market Recap 06:48 - S&P 500 Index ($SPX), S&P 500 Bullish Percent Index ($BPSPX) 10:15 - S&P 500 Equal Weight ETF/SPDR S&P 500 ETF (RSP:SPY) 12:08 - US Dollar (USD), 10-Year Treasury Yield ($TNX), Take-Two Interactive Software (TTWO) 16:20 - Marathon Oil (MRO), Southwest Airlines (LUV) 21:30 - Interview with Frank Cappelleri, CMT CFA of CappThesis 👍🏻 FOLLOW US Twitter: @StockCharts : https://tinyurl.com/tt7429e @StockChartsTV : https://twitter.com/stockchartstv Facebook: https://tinyurl.com/w2fsb42 LinkedIn https://tinyurl.com/t7u9568 ❗️DISCLAIMER Past performance is not indicative of future results. Neither the Show Participants nor StockCharts.com guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on the show. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this show may not be suitable for you and you should make your own independent decision regarding them. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You should strongly consider seeking advice from your own investment advisor ––––– ℹ️ ABOUT STOCKCHARTS StockCharts.com is the world's leading technical analysis and financial charting platform. Trusted by millions of online investors around the world, the company has been an industry leader in the financial technology space for more than two decades. With innovative, award-winning charting and analysis tools, our mission is to help you better analyze the markets, monitor and manage your portfolios, find promising new stocks and funds to buy, and ultimately make smarter investment decisions. ℹ️ ABOUT STOCKCHARTS TV StockCharts TV is devoted exclusively to financial charting and market analysis from the web's top technical experts. With a constant stream of technical charting-focused content, there's always something insightful, educational and entertaining to watch on the channel.

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