S&P 500 Technical Analysis: Testing the Axis Line

Market Update

The S&P is now reaching the axis line, where heavy selling emerged months ago. It’s reasonable to expect a pause at this level, followed by a continuation of the strong uptrend.

Volume Analysis

Looking at the recent chart pattern, we can observe that the volume became quite climactic right on the break. It’s particularly noteworthy that the current bar is at the same level as previous significant price action. This pattern suggests we’re essentially going through the same cycle again, repeating familiar market behavior.

The Critical Axis Line

This axis line is critical for traders to monitor. If the market can successfully break above this level and then consolidate, spending sufficient time above this resistance, we’re likely going to experience a rally.

Chart Pattern Observations

The chart shows several technical elements:

• Multiple touch points along the resistance level
• Previous price action at similar levels
• The market cycling through similar patterns again

Conclusion

The S&P is at a critical juncture, testing a well-established axis line. If we can get above it and then just consolidate, spending some time there, we’re probably going to have a rally.

This analysis was taken from our Wyckoff Trading Course – Part 2 and is for educational purposes only.

UPCOMING CLASSES & EVENTS AT WYCKOFF ANALYTICS:

The Wyckoff Trading Course – Part 1 (Summer 2025):

The Wyckoff Trading Course (WTC) Part I offers a comprehensive education in the Wyckoff Method through 15 live sessions with recorded access.

This program teaches traders how to identify and follow institutional movements, anticipate market direction through price, volume, and time analysis without additional indicators, and “read the market” effectively. Students learn essential skills in three core areas:

• Price Structural Analysis (recognizing market cycles and institutional behavior)
• Supply and Demand Analysis (using volume-price relationships to predict market moves)
• Relative Strength Analysis (comparing instruments to identify optimal trading opportunities)

The course provides practical tools for trading alongside major institutions that drive market trends, with real-time market analysis and historical chart demonstrations.

Join our flagship Wyckoff Trading Course

The Wyckoff Trading Course – Part 2 (Summer 2025):

The Wyckoff Trading Course (WTC) Part II builds on foundational knowledge through 15 live sessions with recorded access for experienced students who have completed Part I.

This advanced program enhances traders’ pattern recognition and trade management capabilities through three core focus areas:

• Visual Recognition Skill “Practicum” (applying Wyckoff concepts through interactive exercises and drills)
• Advanced Wyckoff Analysis (deepening knowledge of phase behaviors, volume signatures, and trend recognition)
• Trading Tactics and Management (learning to visualize price structure scenarios, optimize entry/exit points, and implement risk management techniques)

The course emphasizes deliberate practice to help traders anticipate market direction, identify institutional players’ movements, and execute more profitable trades with greater confidence.

Students learn to select optimal trade candidates and use Wyckoff analysis alongside modern technical analysis tools for improved trading decisions.

Join the Wyckoff Trading Course – Part 2

Wyckoff Analytics Summer Training:

The Wyckoff Analytics Summer Training Course offers a 4-week introduction to professional trading techniques through four live interactive sessions led by experienced traders Roman Bogomazov and Tony Nguyen.

This program serves as a preview of their comprehensive Intraday and Swing Trading Program, helping traders develop a structured approach to market analysis.

Students learn essential skills in

• Process & Playbook Development (building a personalized trading framework)
• Post-Trade Analysis & Review (objective self-assessment)
• Technical Training (applying Wyckoff principles to identify trading opportunities)
• Simulation & Practice (risk-free application of skills).

The program creates a supportive learning environment where traders can learn from seasoned traders, develop disciplined decision-making processes, engage with a community of like-minded individuals, and gain practical experience that translates to real-world trading. 

Join the Wyckoff Analytics Summer Training

Demystifying Position Sizing: Optimizing Risk And Reward:

The “Demystifying Position Sizing” course offers a transformative learning experience focused on optimizing risk and reward strategies with RJ Hixson, former Vice President at the Van Tharp Institute.

Students will learn four key components:

• The Missing Link to Profitability (understanding position sizing’s crucial role in achieving money objectives)
• Master R-Multiples (calculating and implementing risk measurement tools)
• Optimize Risk-Taking (using Expectancy and System Quality Number to inform decisions)
• Practical Position Sizing Strategies (implementing proven approaches that align with specific trading goals)

Join Demystifying Position Sizing: Optimizing Risk And Reward