Last night in my video blog I laid out my framework for this morning’s trading. I said that a morning rally into the 1285 area would likely bring out sellers and be a good location to look for a short. Well, the market rallied a little higher, but the anticipated sell-off brought the market back down 8+ points.
You can see by the 3000 Tick Chart, we had nice Wyckoff/VSA indications of SOT and Effort-Result:
Next week, we will be doing a training webinar: Wyckoff in the Modern Markets Part II. I will discuss key elements of the Wyckoff Method, including how I use it in trading (as you see here). You can learn more at this link:
Wyckoff In The Modern Markets Part 2
Have a great weekend!
Leave a Reply