The S&P e-Mini has been a great vehicle for trading lately. When the volatility increases, it conforms very well to Wyckoff Method principles. We see springs, UTs, low volatility pullbacks, shortening of the thrust and other principles first highlighted by Richard Wyckoff.
Here’s a chart of the last two days.
Monday Trades: Yesterday (Monday) we saw continuation of the multi-day downdraft. Early in the US morning session, an UpThrust set the stage for a sell off of more than 17 points. In addition to the UT, a weak pullback gave another solid short entry.
Tuesday Trades: The next day on Tuesday, the market rallied overnight, giving strong indications further upside was likely. Shortly after the US open, the market offered a Wyckoff Spring for a long entry. Springs can be powerful trades in the right circumstances, and this one ignited a nearly 20-point rally. Like yesterday, the market also gave a second sound long setup.
Would You Like to Learn to Trade These Great Setups?
Trading Springs and UpThrusts are detailed in the Wyckoff Spring and Wyckoff UpThrust Tutorials. Trading pullbacks are described in detail in the 3-10 Momentum Oscillator Tutorial. All video tutorials are currently 20% off the listed price. Use the coupon PreSummer20 at checkout to save 20%. This is a time-limited offer. You can learn more by clicking on the following links:
Leave a Reply