Most traders see a lower high and call it "bearish."
Wyckoff traders see something more specific — and the difference is worth knowing.
The LPSY is one of the most misread signals in distribution. Here's how to read it right 👇
The entry logic: you don't short the lower high. You short the failure to hold above the ICE (support-turned-resistance). LPSY + close back below ICE on declining volume = distribution confirmed. That's the signal. Save this — it shows up in every major top.
$KO just printed a textbook Wyckoff accumulation sequence — and yesterday's low-volume pullback may be the Last Point of Support. MarketGuru's PM flagged it as the desk's primary setup this week 👇
Entry trigger: $80.50–$81.00 touch on <15M vol (10:30 window). Tight failsafe at $78.00. Holiday week = conservative sizing, but the risk math still works. Full morning briefing in the link.
The desk flagged a BC on $AAPL at $317.40 in real time — 5/5 criteria met. The lesson wasn't the read. It was acting on it.
Diagnosis without action is noise.
Save this checklist for the next one.
Q3 opens risk-on. But the desk's PM is watching a defensive — $KO — as the cleanest setup going into July 1.
XLP dragging KO to the edge of a Phase D SOS entry ($80.50–81.00). Weakness is sector-wide, not stock-specific. <15M vol on the touch = trigger.
Pre-close wrap 👇