Major US Indexes Stage 4 Breakdown Attempt Rejected With a Potential Wyckoff Spring Forming - Day 1
Spring / Undercut and Rally moves were the theme of the day as the US stocks markets opened strongly lower with a major weekly Stage 4 breakdown attempt at the open, which was rejected as the day progressed with strong demand pushing the major indexes (i.e. the S&P 500 and Nasdaq) back into their Stage 3 ranges. So it marks a potential Day 1 of Wyckoff Spring attempt in Phase C of the short term base structure that has been forming since the January 24th Selling Climax (SC) began to define the range.
US Stocks Watchlist - 24 February 2022
A monster sized watchlist tonight with a large amount of engulfing candles today. A few groups that featured strongly are Software and Marine Transportation stocks.
Here's a small sample from the list:
AAPL, CF, UPST, UUUU + 50 more...
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.