Here’s what could happen to S&P 500 according to Wyckoff’s efforts vs results [Video]

featured image

Daily News | Online News

Presence of hidden demand as reflected in the Wyckoff’s efforts vs results with the Wyckoff trading method together with the shortening of the thrust to the downside have given the bull a chance to prove itself.

Watch the video below and pay attention to the failure case at the critical level with stock market capitulation to the downside. The failure will violate the bullish scenario as demonstrated by the market breadth thrust in determining the market bottom.

The bullish setup vs. the bearish setup is 52 to 665 from the screenshot of my stock screener below.

Daily News | Online News wyckoff method stock screener

S&P 500 stalled at the key level at 3800 followed by a failure as it reacted to the non-farm payroll last Friday. The weakness in the S&P 500 continued to spook the prior market leaderships. So far, there is no leading industry group, which makes it hard for the market bottom scenario to materialize. The key to survive in this volatile market is to be nimble while picking the winning stocks to ride the momentum. 

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.
Opinions expressed at are those of the individual authors and do not necessarily represent the opinion of or its management.
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Read More

Share on Google Plus
    Blogger Comment
    Facebook Comment


Post a Comment