An idea

Hi guys,

I think that S&P 500 is about to make a move to the downside.
This move will be the Secondary Test of the structure on the Daily timeframe.

Daily Chart


The preliminary support always fails.
The first reaction of the the Preliminary Support led to the Selling Climax.
After the climax we want to see an Automatic reaction.

Now we want to see a Secondary Test (ST).
The Secondary Test is the most important part of the different fases of the Wyckoff method.
It gives us an indication of what future prices might do.

If the ST is of high volume and near the Selling climax, Bearish.
If the ST is of low volume/corrective of nature near the Equilibrium, Bullish.



4H Chart
l]

Here I see a Distribution strucutre that might lead to the downmove that will make the ST on the Daily Chart.



15m


Here I see a Distribution structure inside the 4H Distribution structure.
Almost ready to make a move to the downside.


This was my analysis guys.
Hope you liked it and maybe learned something from it.
I'm still learning so always do your own research.