Re-accumulation and Distribution begin in a similar fashion, but conclude in dramatically different ways. Recently stock indexes have been range-bound for an extended period of time. While these trading ranges continue Wyckoffians will evaluate the attributes of these maturing structures. Are they setting up for continuation of the uptrend, or reversal downward as Distribution becomes a downtrend? In this episode Wyckoff schematics are used to contrast Re-accumulation from Distribution, then the current market is evaluated for these characteristics.
Point & Figure analysis is studied for the potential extent of a rally. Gold & Bitcoin markets are compared and contrasted.
Symbol List: GLD, $BTCUSD, $SPX, IWM, QQQ, $COMPQ, SMH
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