I’m a bit obsessed with Wyckoff distributions. They seem to show up continuously in many reversals and show similar to a neutral rally.
These are dangerous situation to find yourself in, because they seem so innocent, the recovery of price is extraordinary, and before you know it, you’ve got yourself a bag, and you’re holding it.
Fundamentally it’s really just the tossing between many macro and micro trend- fib channels. If you look closely at your charts, you’ll know what I mean.
This unfortunately ends badly for those who “bought the dip”. It’s the bull trap to end all bull traps.
BTCUSD just endured this, SPX is forming one right now!
Be careful out there guys, there’s always a sneak play that you never saw. Look up how this distribution plays out and stay ahead of the curve with this tool.
Always do your own due diligence before making any trades!
Extreme Bias produces extremely bad advice. You tend to see what you want and disregard the rest. Biggest set up of the whole year is HOLIDAY SEASONALITY! YOU want me to believe the crash is here? Bubbles are notoriously hard to time. If stuck in the bull camp impossible to see. if stuck in the bear camp always sees it. The 40 year cycle of deflation is about to be reversed big time. THAT will drive this sucker to the ground. As long as YIELDS are this ridiculously low it means the street can't see it yet. 10 year has to break above 1.75 for there to be even a start in the doom/gloom cycle. The economic data was so bad it has the FEDS flipping out. they will taper quickly, raise rates quickly but it is already too late. BUT this takes TIME!
oliverrathbun
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@gdleibow, All great points you make. Seasonality is big, Fed policy is huge, however...There are a million and one reasons that can tip the balance to the bearish argument. Reasons you couldn't conjure up in your wildest dreams. Speculation is always a 50/50 preposition no matter how much we want to believe otherwise. I'm not making the bearish point here because for technical reasons I tend to agree with your take on this....for now:)
UnknownUnicorn493766
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great
UnknownUnicorn30106819
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im actually with you on this. thought id throw in my Wychoff Play (BB) looks like it might start or already started its accumulation phase. only wanted to say cause i believe there is gonna need to be a big shift in money to work in tandom with eachother. my guess could only only work with Wychoff Theory... but i digress and can see your bearish SPX outlook. i just need more time for everything to play out.. thanks btw
SwayzePunkz
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@ransomdotpme I’ve thrown together this particular chart in 4hour for a reason as well. I see so many bearish signals** in the way the markets have been preforming lately.
** It began with insider sells across entire sectors;
-First, Oil (which seemed odd considering it’s the beginning of winter)
-then DataCom which felt normal considering the Semiconductor issue.
-then Elon sold TSLA commons and I was thinking HMMM that’s odd.
**
This among many other possibilities had me thinking this bearish SPX theory only needed a a reversal on a >4h chart interval to really do some damage. This is because of the prolonged parabolic nature of the SPX since mid-2020.
UnknownUnicorn30106819
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@SwayzePunkz, totally with you. & better put almost every CEO in every sector. almost if not at the top of their recent ATH. not looking good. the system is coming apart and its really starting to show how big this storm is gonna get. what are some of your plays for this coming Jan. i told you mine