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TFC Commodity Trading Forum

Re: 20 Year Chart of $SPX/Wyatt\ Trades

Hi Trades,

Right it's the path I choose to control risk & understand market action.

Today we are at a market extreme. Yes resistance is resistance. You described a JOC (rally above), AR (brief rally), ST (pullback) and is one of the safest entry's. Will this PA emerge? Don't know. I think we can agree - on how market tops & changes trend. At the moment I need more info.

A side note: Friday my Wk ES objective was reached (1550). We are in the danger zone, and should ask? Where can the market go to inflict the most pain?

This market now has the right to correct.