Within the realm of ETFs, a majority of
the most bullish chart patterns are presently found in international ETFs.
As stocks attempt to form a significant bottom since bouncing off their November 16 lows, many traders of stocks and ETFs may now be wondering how to find the best,
most bullish chart patterns and stocks to buy now.
This is
the most bullish chart pattern in the 24 - year history of SPY.
Not exact matches
When we first alerted you to these
bullish patterns in our April 10 blog post,
most of the
chart patterns were not yet actionable.
One of our favorite
chart patterns is the cup and handle, a
bullish pattern that precedes some of the
most powerful and reliable breakouts.
The lack of substantial
bullish follow - through in leading individual stocks in recent weeks, the absence of leadership in
most ETFs (other than international ETFs), and the bearish
pattern on the weekly
chart of the S&P 500 Index (below) are all valid reasons to avoid the long side of the market now.