I have been mentioning the 1400 level in the S&P e-minis for a few days. You can read the posts where I discussed that level here. I've been looking for a pullback to the 1400 level for a buy opportunity. That came this morning. Here is the 3,000 Tick Chart of the S&P e-minis with the Weis Wave. The 1400 level is highlighted. Note how we became oversold in the … [Read more...]
The Value of a Wyckoff Perspective
There is no doubt in my mind that the Wyckoff perspective offers the modern trader a very strong technical edge. Today - like virtually all trading days - provides excellent examples of Wyckoff principles. Keep in mind that the Wyckoff method is all about reading the market by its own actions. Surely it is not infallible, but the astute Wyckoff student can read much in price … [Read more...]
Back from Asia to Trade Springs!
I'm back from South East Asia and Australia - what a great trip! We had pretty special live events in Singapore, Kuala Lumpur, Malaysia, and Sidney. It was one of the very best times I've had in my trading career. Although I am glad to be home, I really can't wait to go back and reconnect with all the terrific traders I met. One of the themes I focused on in the teaching … [Read more...]
