Previously I had another idea for the markets to crash this year but from the updated PA believe markets to range through the year in uncertainty and volatility, some indices especially NDX can actually make a new ATH but the general trend for the year will be sideways. The current retrace is overextended and the breadth is terrible, will soon see a correction to retest lows.
As for Wyckoff labels, no it isn't just fancy drawing, all factors(volume/spread/momentum) are considered. Not trying to project the future but having a primary bias/map for the market this year while short-term trades are done. Of course, will be quick to change if wrong or enhance as price action develops (Black Swan? :-) )
As for Wyckoff labels, no it isn't just fancy drawing, all factors(volume/spread/momentum) are considered. Not trying to project the future but having a primary bias/map for the market this year while short-term trades are done. Of course, will be quick to change if wrong or enhance as price action develops (Black Swan? :-) )
Overshoot scenario, more bearish.