A Wyckoff Spring brought holiday cheer to the market today. Christmas came early as the first good trade against a reliable edge today lit up the market. Wyckoff Spring Entry After rallying above yesterday's high and the two-day high in the overnight market, the S&Ps hit a little selling around the 10:00 AM (Eastern Time) inflection point. The downside volume started … [Read more...]
Wyckoff Spring Lesson
Was it a Wyckoff Spring? Was it a Wyckoff Spring? That was the discussion in yesterday's post. Because of the combination of Wyckoff principles that were setting up in the structure of the market, I expressed doubt that yesterday's daily trading action in the S&P e-minis represented a sound Wyckoff Spring. Those doubts were confirmed today in spades as you can see on the … [Read more...]
Trading a Wyckoff Spring
The Wyckoff Spring is difficult to trade when the market is falling like it did today," wrote one trader in an email after the close. He asked, “How do you do it?” The Wyckoff Spring is one of my “bread & butter” trades. I look for them all the time. In the few markets I trade, I know there will be at least 2-3 Wyckoff Springs setting up each week in each market. It’s a … [Read more...]
A Wyckoff Spring?
"Is this a Wyckoff Spring?" a trader asked about today's trading in an email. The market fell sharply lower, then quickly rallied to close near its highs. As it did so, it created a Wyckoff Spring. The Wyckoff Spring is a setup that occurs when a market dips underneath its last swing low, turns around, and then rallies to close back above the swing low. (You can find more … [Read more...]
Trading the S&Ps After the Holiday
Overview: Trading the S&Ps After the Holiday Trading the S&Ps after the holiday can present its own challenges and this year is no different. The charts this week show an interesting pattern. Although we are in a bullish holiday period, the monthly and weekly are both a bit overbought. We can expect a pullback on these time frames at some point. The daily is starting to … [Read more...]
