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Teklologist

Spx500: Wyckoff accumulation but bearish

Short
S&P 500 Index (FX:SPX500)  
Teklologist Updated   
FX:SPX500   S&P 500 Index
Trend Analysis Chart Patterns Beyond Technical Analysis wyckoff wyckoffaccumulation accumulation S&P 500 (SPX500) SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY)
3
0
trendanalysis chartpattern beyondta wyckoff wyckoffaccumulation accumulation spx500 spx spy
Looks to be in accumulation on Weekly TF. Entering Creek means re-test phase of accumulation high and low. Think it just tested, and if so then expect impending drop to low near ~2400.

P.S. Don’t forget this is a long-term bullish play and you will never precisely buy the bottom.

P.S.S. Made chart on phone. Hopefully it’s normal and visible.
Comment:
To clarify, recently made high so could be pullback to 2750 area followed by creek phase (re-test high and low).
Comment:
Otherwise, could already be in creek with the high re-test being the recent ATH. This would mean a test of the low (~2400) is impending.
Comment:
Hmmm..
snapshot

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