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.
Connect with Bruce -
Website: https://wyckoffanalytics.com
Blog: https://stockcharts.com/articles/wyckoff/
https://twitter.com/rdwyckoff
Using the logic of scanning John and Bruce walk through the Wyckoffian concepts of Springs, Breakouts, Upthrusts and Breakdowns. Beginning with the Accumulation and Distribution structures identification of the key conditions that precede the emergence of trends are considered. A partial list of ...
Beginning with a review of recent activity in the stock indexes. Updates of the PnF chart show potentially larger upside count potential and additional scenarios. A study of the ‘Green Shoots’ that preceded the recent rally and how a Wyckoffian views and trades them. Accumulation schematics of Wy...
Beginning with a review of the classic sequence of asset distribution (bonds then, stocks, then inflation) the recent weakness in inflation assets is considered. Various Point and Figure counts are reaching downside objectives and are reviewed. A study of the 1971 to 1974 distribution structure i...
