Bullish Engulfing Pattern?

Bull or Bear?


  1. I never give guaranties, but I will make this one exception with a bold prediction. The market (YM/NQ/ES) will either move higher, lower, or sideways. I'm personally invested in the market moving higher.

  2. I'd take this with a pinch of salt, or in other words, i'd put this into the "Bullish engulfing...ish" type of a pattern. But id give it some weight to the upside considering the previously strong bullish eng.

  3. Hey John,

    I will have to add ...ish into my analysis lol, the truth is, I take all of my own analysis with a "pinch of salt". I try to prevent myself from getting emotionally attached to any one position or general idea of market direction. Makes it easier to change my mind when needed. Thanks for commenting.

    1. I just realized that this was a rather old piece at the time of commenting. So for the sake of curiosity I did peak into the SPY chart.. the "ish" did turn out be bullish indeed!!


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