🚨 S&P 500 IS FORMING A WYCKOFF REACCUMULATION PATTERN
What indicates this?
Market is currently completing "Upthrust After Distribution" phase after printing a new ATH at 7,500
Based on historical data, this is usually followed by a price rebalancing stage - but it’s not that straightforward...
Here’s 3-6 month roadmap:
1. Start of gradual decline + formation of “Creek”
2. Range between 7,100-6,700
3. Test of support zone at 6,500-6,300
4. Formation of a “Spring” around ~6,200
5. Recovery begins + retest of support
6. Strong upside + “Jump Across Creek”
7. New ATH + Extension toward 8,000