15M/30M Possible Wyckoff Distribution on $SPY

2 days ago

For tomorrow for me it's pretty simple, looking at the 15M and 30M charts.

Break above $685 with some force and I re-analyze what I thought was a Wyckoff Distro on the 15M/30M charts.

Chop between $683 & $685, then look for a break below $685 and it aligns with Phase C > Phase D LPSY.

Not financial advice, I am a regard.

21 hours ago

Trade active

Today looks like UTAD playing out so far. Let's see if we get a dumper EOD to stroll to end phase C and storll into phase D LPSY.

19 hours ago

Note

If we make a high past the most recent @ $684.77 then I would take this 15M/30M off the table for me personally.

You can look at higher time frames and see similar structures but you will have moves up before seeing a downtrend/down result play out.

37 minutes ago

Trade closed manually

With the open this morning up and past $685 I feel this is invalidated on the 15M/30M timeframe.