A Bar-by-Bar Assessment of the Current Market In the midst of all the domestic and geopolitical noise, a bar-by-bar assessment of the current market indicates a pullback is likely. I certainly did not want to go home long on Friday night. But it wasn’t all because of the US – Iran conflict or impeachment. It’s also what the charts are telling me. A bar-by-bar assessment … [Read more...]
Wyckoff Trading Method Follow-Up
Here’s a follow-up to my earlier post on trading the Wyckoff Trading Method off the 4-hour chart. Although the Wyckoff Trading Method does not integrate the various time frames in its analysis (it uses the P & F Chart for the higher time period), the weekly, monthly and other higher time periods can shed a lot of light on the anticipated next move of the market. It was … [Read more...]
Frustrated Traders About to be Rewarded
The market has frustrated traders lately. The S&Ps have been stuck in a 12-point trading range over the last three days. While this can present frustrating trading, the good news is that it will end shortly. When it does, we should see the market move smartly. Both the daily and the weekly charts indicate weakness has entered the market. By these charts, we may see a … [Read more...]
