Excitement, 11th January 2023
🖼 Daily Technical Picture 📈
➤ S&P500 reversed yesterday's price action. The excitement is building and it's not because of the inflation data.
➤ Wyckoffians will know what I'm talking about. The recent price action post break out of the small consolidation phase over the last couple of weeks is a classic looking Bullish/Accumulation pattern. It's almost textbook perfect. If it all goes to plan, prices are poised to explode higher.
➤ I remain long with a small position.
➤ Conclusion: Becareful of perfection.
➤ S&P500 reversed yesterday's price action. The excitement is building and it's not because of the inflation data.
➤ Wyckoffians will know what I'm talking about. The recent price action post break out of the small consolidation phase over the last couple of weeks is a classic looking Bullish/Accumulation pattern. It's almost textbook perfect. If it all goes to plan, prices are poised to explode higher.
➤ I remain long with a small position.
➤ Conclusion: Becareful of perfection.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
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