Here’s what could happen to S&P 500 according to Wyckoff’s Efforts vs Results!

WYCKOFFPRO
2022-10-14

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.

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. Visit www.TradePrecise.com to get more stock market insights in email for free. @TigerStars $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $DJIA(.DJI)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ Trust(QQQ)$ 

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Comments

  • SGREIT Champ
    2022-10-16
    SGREIT Champ
    Too many modellings out there now…. For myself… I will tink of averaging down on ctrs that can maintain their dividend payouts.
  • JesseRW
    2022-10-15
    JesseRW
    It is downward now, just trade safe now!
  • DIMCO
    2022-10-15
    DIMCO
    bullish will come soon, $NASDAQ(.IXIC)$ $DJIA(.DJI)$ will be a nice try
  • WalterD
    2022-10-15
    WalterD
    the market bottom scenario to materialize is really hard, so please DYODD
  • Meet0
    2022-10-15
    Meet0
    No matter what happened, $Invesco QQQ Trust(QQQ)$ will be a good choice
  • Niknaks
    2022-10-16
    Niknaks
    interesting
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