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Almost looks like Wyckoff Accumulation Schematic

SP:SPX   S&P 500 Index
Just a quick thought - the main difference here b/w a typical Wycoff accumulation schematic is that the chart above didn't have a selling climax first prior to its automatic rally. However, since then it has behaved as-if it is in Phase B.

I have a much simpler idea for SPX / SP500 that is linked in the related ideas below.

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