$SPX Wyckoff distribution on smaller timeframes (+WEDGE!)
$SPX Wyckoff distribution on smaller timeframes and all this inside a rising wedge + support/resistance flip in the bigger picture. Short eeeeeet....
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Target: the gap (1H chart) between 2455-2475, we'll see how it goes
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If stopped out, re-shorting from 2630-2650
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Wyckoff invalidated if it continues over the Jan 15 highs, otherwise it could be the actual UTAD part of the Wyckoff distribution.
If it continues higher from here (from Jan 16 open), there's multiple MA resistances around 2630-2650 on top of the general horizontal resistances AND a GAP around 2640 both on index and the futures of S&P500.
If it continues higher from here (from Jan 16 open), there's multiple MA resistances around 2630-2650 on top of the general horizontal resistances AND a GAP around 2640 both on index and the futures of S&P500.