SPX Futures estimates of finding a Bottom

4 Mar 2022

I think we've already started the accumulation phase of a market turn. I think this COULD in theory lead to a second leg similar to the one that started in the middle of 2020. I still think we're in a large Wyckoff Cycle, and we're about to have buyers drive price toward 6000 before a 45% failure. Then just trade up and down in that same crown top, typical of this pattern. But patterns are only patterns when they are completed. I was bearish until I started to see that there is little selling on these drops, just price plunges from day trading. No commitment either direction.