SNP500 Forming a LARGE Wyckoff
Well, I had to review my notes. I think we may be seeing a Wyckoff distribution
Major players and company executives have been selling more this past month than they have the entire quarter. Regular insiders are purchasing these dips. This is somewhat of a disconnect, usually when executives and major funds are selling more heavily we see the regular insiders also sell more heavily; however, the company directors have actually been buying a bit more during these dips while the larger players have been selling, this really caused a lot of confusion.
Overall we have a somewhat wonky looking Wyckoff Schematic playing out over the past 3 months.
I decided to ask my friend ChatGPT what it knew about Wyckoff Distribution and if it could help clear some things up, below were some clarifications it gave about the standard rules.
Chat GPT gave it's input regarding the sign of weakness:
In the context of the Wyckoff Distribution schematic, if the volume during the Sign of Weakness (SOW) is higher than in the Upthrust (UT) and the price gets very close to the Automatic Reaction (AR), it can be considered somewhat typical.
Chat GPT gave it's input regarding the Last Point of Supply:
In the context of the Wyckoff Distribution schematic, it is possible for the Last Point of Supply (LPSY) to exceed the price of the Buying Climax (BC). However, this occurrence is not typical.
While the LPSY typically doesn't surpass the BC in terms of price, it's possible under certain circumstances. If, for example, there's a sudden influx of demand or other external factors pushing the price higher temporarily, the LPSY might exceed the BC
Based on what we have seen and the disconnect between groups of insiders, as well as some analysis from our little AI buddy I think we may be seeing a large Wyckoff taking hold of the SNP500 and we may be on the cusp of a markdown in price.
We are also seeing these markings line up with the MACD and RSI indicators.
Just my opinions.
Major players and company executives have been selling more this past month than they have the entire quarter. Regular insiders are purchasing these dips. This is somewhat of a disconnect, usually when executives and major funds are selling more heavily we see the regular insiders also sell more heavily; however, the company directors have actually been buying a bit more during these dips while the larger players have been selling, this really caused a lot of confusion.
Overall we have a somewhat wonky looking Wyckoff Schematic playing out over the past 3 months.
I decided to ask my friend ChatGPT what it knew about Wyckoff Distribution and if it could help clear some things up, below were some clarifications it gave about the standard rules.
Chat GPT gave it's input regarding the sign of weakness:
In the context of the Wyckoff Distribution schematic, if the volume during the Sign of Weakness (SOW) is higher than in the Upthrust (UT) and the price gets very close to the Automatic Reaction (AR), it can be considered somewhat typical.
Chat GPT gave it's input regarding the Last Point of Supply:
In the context of the Wyckoff Distribution schematic, it is possible for the Last Point of Supply (LPSY) to exceed the price of the Buying Climax (BC). However, this occurrence is not typical.
While the LPSY typically doesn't surpass the BC in terms of price, it's possible under certain circumstances. If, for example, there's a sudden influx of demand or other external factors pushing the price higher temporarily, the LPSY might exceed the BC
Based on what we have seen and the disconnect between groups of insiders, as well as some analysis from our little AI buddy I think we may be seeing a large Wyckoff taking hold of the SNP500 and we may be on the cusp of a markdown in price.
We are also seeing these markings line up with the MACD and RSI indicators.
Just my opinions.
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