Spx500: Wyckoff accumulation but bearish
Looks to be in accumulation on Weekly TF. Entering Creek means re-test phase of accumulation high and low. Think it just tested, and if so then expect impending drop to low near ~2400.
P.S. Don’t forget this is a long-term bullish play and you will never precisely buy the bottom.
P.S.S. Made chart on phone. Hopefully it’s normal and visible.
P.S. Don’t forget this is a long-term bullish play and you will never precisely buy the bottom.
P.S.S. Made chart on phone. Hopefully it’s normal and visible.
تعليق:
To clarify, recently made high so could be pullback to 2750 area followed by creek phase (re-test high and low).
تعليق:
Otherwise, could already be in creek with the high re-test being the recent ATH. This would mean a test of the low (~2400) is impending.
تعليق:
Hmmm..
