Watch The Volume

The last update on Walmart (WMT) had this:

Will we get an upside test, even if only briefly?

Watching price action early this session, it looks like that test is happening now (not advice, not a recommendation).

From a Wyckoff (and David Weis) perspective, what we’re looking for if WMT, keeps rising or holds steady, is volume to contract on the day.

Contracting volume indicates a test of the up-thrust (reversal) and helps to add probability to the downside.

Stay Tuned

Charts by StockCharts

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