A Century Old, Observation

The net upward distance traveled on the S&P, with each major thrust, is getting shorter.

This ‘shortened thrust’ is one of Wyckoff’s observations going all the way back to ‘Studies in Tape Reading‘.

It’s getting harder for the S&P to make any additional headway; the move is nearing its end (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts, TC2000

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