Market Acts Constructively The US Stock Market as represented by the S&P e-minis had a constructive week last week. After rallying out of an oversold condition in mid-November, the market pushed up underneath the trend channel at A. It hung there for two days and then on Wednesday flushed out longs who had jumped on board as the market rose aggressively. The shakeout … [Read more...]
Wyckoff Spring in S&Ps
The market was sloppy yesterday morning, and then traded lower in the latter part of the morning through the noon hour. The night before in the overnight session, the market fell sharply to make a new low. Moves like this are usually tested. And this occurred yesterday. The test set up a picture-perfect Wyckoff Spring. This is one of my favorite long-side setups where the … [Read more...]
S&P Trading – The Wyckoff Way
Last week on January 26, new highs were made, but on much narrower range and lighter volume. The next day continued higher on lighter volume (1.554 million contracts) and narrowed into an NR7 day. This began to look like dullness at the top of the rally. We also see SOT at the highs. Buyers appear exhausted, giving a chance for sellers seen on January 19th an opportunity to … [Read more...]
