Cover shorts, identify longs.

Click Here For Wyckoff Wave Chart 01-15-2016 Short Term:  Short-term positions to the downside should have been closed. There are no new opportunities. Today’s gap opening precluded the taking of new position to the upside. However, short-term bulls should continue to identify candidates and be prepared to take new positions..   Intermediate & Long Term:…
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Bears maintain positions, Bulls identify candidates to the upside

Click Here For Wyckoff Wave Chart 01-13-2016 Short Term: Because good demand did not come into the market, short-term bears should continue to maintain their positions. However, we are near the bottom of the reaction and Wyckoff traders should be prepared to cover shorts. Demand did not come into the market. Therefore there were no…

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