The S&P 500 Index ETF (SPY) has rallied strongly since June and has recently reached resistance. Analysis of resistance and the reversal downward puts in question whether the rally is over. Various Wyckoff scenarios are considered for a possible continuation of the recent rally. The Crude Oil futures market has also just reached a critical juncture on the charts and is evaluated. Two ‘Swing Trading’ case studies are discussed (AAPL and RGEN).
Johni Scan (John Colucci) the introduces a Wyckoff scan that searches for stocks at the potential conclusion of their Accumulation process and could be pausing prior to starting an important next phase of an uptrend. John profiles the purpose of the scan, the scan language and some candidates generated by the scan results.
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