The main thing I'm going to point out in multiple charts are the INDICATORS.
Simply LOOK at the indicators in multiple charts I'm posting. Analyze them and you'll see what I mean.
IGNORE REPORTS (Soft Data) TRADERS! Pay close attention to the hard data, such as "sales."
2 Week TF: Between NOW and April 4, 2018 we should see a MAJOR correction.
16 Day TF:
24 Day TF:
Call me a "Conspiracy Theorist" if you like . I don't care. I'm simply providing FAIR WARNING!!!
So, be careful Traders! I personally, would sell NOW and buy physical gold and silver IN YOUR HANDS WHILE IT"S STILL CHEAP! My opinion...
I'm not responsible for any trades made based on my analysis.
All the best!!!
PS - Look at my publications on S&P 500 and Dow Jones Industrial Average for more information if you have not done so already.
A UTAD is the distributional counterpart to the spring and terminal shakeout in the accumulation TR. It occurs in the latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance. Analogous to springs and shakeouts, a UTAD is not a required structural element: the TR in Distribution Schematic #1 contains a UTAD, while the TR in Distribution Schematic #2 does not.
Phase D arrives after the tests in phase C show us the last gasps of demand. During phase D, price travels to or through TR support. The evidence that supply is clearly dominant increases either with a clear break of support or with a decline below the mid-point of the TR after a UT or UTAD. There are often multiple weak rallies within phase D; these LPSYs represent excellent opportunities to initiate or add to profitable short positions. Anyone still in a long position during phase D is asking for trouble.
SPDR S&P 500 Wyckoff Distribution Schematic #1:
Dow Jones Industrial Average - Wyckoff Distribution Schematic #1:
WE ARE IN PHASE D !!! IF you are still in a long position, you are ASKING for trouble!!!
You went long "now?"
Yes, from the day I posted this idea, it did. However, I would be very careful about going long on anything in the stock market now.
Well, my most recent one's do. I normally say long or short only when it's obvious to me we have a reversal after a major event. The rest of the time, I'm simply updating what's going on in between those major reversals.