Category Archives: Wyckoff

What’s The Market Saying?

September 27, 2026 By in Oil, Oil & Gas, Wyckoff, XOP, ZeroHedge Leave a comment

Confirmation of Price Action

The Wyckoff technique (in its purest sense) focuses exclusively on price action and volume.

Wyckoff himself said, ‘if you can’t ignore the (financial) news, you’ll never be successful in the markets.‘

With that, we have this just days ago, concerning the oil market, based on price action itself:

“Continued hostilities in the Middle East, along with oil tankers being sunk, do not seem to be materially affecting the (already high) price of oil.”

ZeroHedge Reports

Now, this just out from ZeroHedge, link here.

‘The Straight of Hormuz, has lost it’s grip on oil prices.’

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Did Nvidia, Just Reverse?

September 23, 2026 By in Artificial Intelligence, NVDA, NVDA-26-02, Semiconductors, Up-Thrust, Wyckoff

A Test, Before Down?

The all-time high is at the far left of the chart.

Then, we have a resistance level, (blue lines), penetrated at ‘1‘.

Today’s red candle is Day 13 from ‘1‘, or Day 8 from the most recent daily lows.

From a Wyckoff perspective, we could look at Point 1, as an up-thrust, followed by ‘sign-of-supply’, and then a test.

Today’s new daily low at Fibonacci Day 8, or Day 13, may help us point odds to the downside (not advice, not a recommendation).

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

S&P … One More (all-time) High?

September 21, 2026 By in S&P, S&P 500, SPY, Wyckoff 1 Comment

Within Range

The last update on SPY, showed ‘shortening of the thrust’; a classic Wyckoff observation concerning end of trend (not advice, not a recommendation).

Now, we have a possibility of another all-time high.

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

S&P … ‘Short-Stack’

September 19, 2026 By in S&P, S&P 500, SPY, Wyckoff, Wyckoff Stock Market Institute 1 Comment

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).

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Carvana … Step-by-Step

August 20, 2026 By in CVNA, CVNA-26-04, Spring-to-Up-Thrust, Transportation, Up-Thrust, Wyckoff 1 Comment

The (short) Path

With today’s new daily high, Carvana’s following a Fibonacci sequence, thus far.

Referencing the chart below, we have:

Day 1: Wyckoff up-thrust, penetrating resistance (blue line).

Day 3: Lows, increased volume; ‘sign-of-supply’.

Day 5: Recovery high, testing the underside.

It’s at this point, anything can happen.

For most of today’s session, CVNA remained below the highs, giving doubt to the prior analysis.

It wasn’t until the last ten-minutes of trade, did price action move above yesterday’s high of 71.18.

Carvana CVNA, Daily

As CVNA pushed above that high, a short was opened: CVNA-26-04, with the stop just above today’s high (not advice, not a recommendation).

If Carvana manages to push higher, the scenario discussed yesterday, the next resistance level may be more probable.

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Biotech … Downside Reversal?

August 16, 2026 By in Biotech, IBB, IBB-26-02, Karen Kingston, Speck-Effect, The Speck, Up-Thrust, Wyckoff

Alignment of Forces

The last two updates, here and here, presented the case, forces are lining up; probability’s increasing for a downside reversal.

This update will complete the session (so far) on that potential.

Let’s not forget, behind-the-scenes (for years) stories like this and this continue to bubble to the surface.

Biotech IBB, Weekly

Last week’s trading range was significantly more narrow (with volume higher) than the week prior.

The chart shows IBB finished at or near the top of the wedge boundary and in Wyckoff ‘up-thrust’ position.

The ‘more’ promised at the end of yesterday’s update; Friday’s daily volume contracted on the test.

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

AutoZone Rally … In Progress

August 8, 2026 By in 1987, AZO, Wyckoff

Trading Channel, Trend Line

Two weeks ago, was this update:

“Price action’s been hitting and bouncing off support for nearly two months; finally, penetrating and closing below that line, last Thursday.”

With that said, we had the definition of a Wyckoff ‘spring’ set-up.

So, what’s happened since then?

AutoZone AZO, Daily

At this point, the rally’s in-progress (not advice, not a recommendation).

If AZO continues higher from here and maintains the right side trendline, we get to ‘gap closure’ somewhere around August 25th.

For the histrions amongst us, August 25th, was the market high in 1987.

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Another Channel … Cadence

July 29, 2026 By in CDNS, Software, Wyckoff

Long Term Top?

At this juncture, CDNS, is posting within a downward trading channel (not advice, not a recommendation).

Near the end of the session, price action penetrated the prior session low.

So, we should all know what that means. 🙂

If CDNS is going to stay within the channel (a big ‘if’), tomorrow might see an upward attempt in a Wyckoff ‘spring’, before ultimately returning back to the lows (not advice, not a recommendation).

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

CORN … Target & Reversal

July 26, 2026 By in Corn, Teucrium, Wyckoff 2 Comments

Strategy, Tactics, Focus

Just over two-years ago, was this post, targeting CORN to bottom-out around the 16-level:

“However, shown on the chart is a potential low at the Fibonacci 76.4%, retrace.”

On June 30th, CORN hit an intraday low of 16.36, before reversing sharply to the upside.

Teucrium CORN, Weekly

As the chart shows, we’re in an apparent Wyckoff ‘spring’ condition; price action rising sharply after penetrating support (not advice, not a recommendation).

What we don’t have, is the ‘test’; there’s no way to say if there will be one.

However, the chart shows this coming week, is Fibonacci Week-5, from the lows.

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Semis … Set The Stage

July 24, 2026 By in Artificial Intelligence, Semiconductors, SOXX, Wyckoff 1 Comment

This, Is The Spot

Well, ladies and gentlemen, we’re at the spot where any move, in any direction, may set the stage for what’s to come.

Last Friday, the SOXX penetrated support, then rebounded in the initial stages of a Wyckoff spring.

Today, price action came back to test.

This type of behavior is bullish, suggesting a move higher; however, there’s a problem.

Instead of volume contracting on the test (sellers backing away), it has increased (blue arrow).

For the test to indicate probability of complete, Monday’s open needs to be higher, with a new daily high (not advice, not a recommendation).

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279