Santa Claus Rally
Friday, December 23, 2016 ALL OF US HERE AT WYCKOFF SMI WOULD LIKE TO WISH EVERYONE A SAFE AND HAPPY HOLIDAY!! What To Do? Short…
Category: Market Opinion-Members
General overview on the markets we trade….
We just wanted to give a few general opinions here today without going into to much detail. We will always follow are Wyckoff Principles and…
Wyckoff Wave is slowly working lower….
The Wyckoff Wave is stepping ever so slightly lower, but broader indices like the S&P and Nasdaq are not following suit. We are still short…
Today we finally took out the support of the previous six days.
We have been short and looking for the Wyckoff Wave to rollover. Today we traded lower and possibly in the early stages of some type…
Rollover once again…
Our Wyckoff Technometer is now back to overbought levels on the majority of the indices I monitor. We also have in place the divergence with…
Continue to hold short positions…
Stocks have started Monday morning off with more pronounced selling. We are going to continue to hold shorts as we expect still lower prices. We…