Todays selloff helped our recently added shorts on SPY. We had losses on our first position, but added to our shorts yesterday. Today feels like the start of a correction at least for a couple weeks.
Categories: Market Opinion-Members
Tags: $SPY
Related Articles
Wyckoff Wave Ready To Rally?
The Wyckoff Wave was down for the week. Volume decreased slightly again. The O-P was down for the week. The Force Index was down for…
Wyckoff Wave Ready To Turn Back Higher?
The Wyckoff Wave spent last week in correction mode. Volume was at very low levels once again. I was expecting a little more pullback before…
Wyckoff Wave At The Lows, Will Buying Come In?
The Wyckoff Wave closed sharply lower once again for the week, on an increase in volume.We were looking for a successful test of the June…
Wyckoff Wave Consolidating & Holding Gains!
The Wyckoff Wave continued adding on to the gains from the recent lows into mid week. Then we experienced two days of selling to end…
The Wyckoff Wave Neutral, So Let’s Look For Further Pullback.
The Wyckoff Wave finished the week lower as called for on average volume. We was looking for a short term pullback which we got. With…