The Wyckoff Wave Continued Lower For The Week

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave continued its correction last week.  Volume was at average levels. The O-P continued hitting fresh new lows for the correction. The Force Index was lower for the week as well. The Technometer came off a deeply oversold condition at Monday’s lows.   The OP has continued with its out performance to the downside.  It closed on its lows for the week. There are small positive divergences when compared to the price low …

The Wyckoff Wave Experienced a Sharp Correction

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave turned sharply lower as we was expecting.  Volume was slightly higher when compared to the previous rally. The O-P went to another new low for this correction . The Force Index was lower for the week. The Technometer is near an oversold condition.   The OP had made a new low for the recent correction.  It closed on its lows for the week. There is a small positive divergence when compared to …

The Wyckoff Wave Rallied Off Of Support As Expected

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave recovered last week as we was expecting.  Volume did not increase on the rally, but did have nice five day push higher. The O-P was also higher for the week. The Force Index was up sharply for the week. The Technometer is near an overbought condition.   The OP had made a new low for the recent correction coming into the week, which we pointed out was a bullish divergence.   It did …