Wyckoff Wave Working Towards Support At Bottom Of Range.

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was down for the week.  Volume is still at extremely low levels. The O-P was down for the week. The Force Index was down for the week. We was looking for continued sideways action, which is what we are getting. The Technometer is now nearing oversold, so appears we will find support at the bottom of the recent trading range. We expect a bounce early in the week…. The Wave and OP …

Wyckoff Wave Had Spring, And Test Complete?

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was down slightly for the week.  Volume is still at low levels. The O-P was up for the week. The Force Index was flat for the week. We was looking for another test of the supposed “spring” in last week’s trading.  Thursday, we had a quick selloff, that could have been that more important test of the spring. The Technometer is now nearing overbought, and will probably reach that on much rally …

Wyckoff Wave Had Spring, Still Needing A Test?

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was down slightly for the week.  Volume decreased as well.. The O-P was down for the week. The Force Index was up for the week. We was looking for a test of the supposed “spring” last week.  We might have had that Tuesday, or we could test it again this week.  Volume has been lethargic coming into the July 4th weekend. The Technometer has been trading around neutral, and offering us no …

Let’s buy IWM at the market, current price $230.74. We have what could be a jump and a backup, and the Technometer is extreme oversold.

Todd Butterfield Blog, Model Stock Portfolio, Trade Updates

Wyckoff Wave Had Spring, Now Need Test!?

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was up nicely for the week.  Volume decreased on the rally. The O-P was up for the week. The Force Index was up for the week. Last week’s rally looks like a “spring” as expected.  The only issue is the lack of volume.  After this rally runs its course, we will have to see how the correction looks, and what volume does. The Technometer is nearing overbought levels which in a few …

Updated stops. Volatility is high so we want to tighten up stops. We still think stocks can work higher from here.

Todd Butterfield Model Bitcoin Portfolio, Model ETF Portfolio, Model Stock Portfolio, Trade Updates

Wyckoff Wave Ready For A Bounce From Last Week’s Selling?

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was down for the week.  Volume increased slightly on the selloff. The O-P was down for the week. The Force Index was down for the week. Last week’s selloff was not what we was looking for with our labelings.  We think possibly we could still be completing a “spring”, and could see further rally attempts. The Technometer is still near oversold levels which could help rally atttempts. The Wyckoff Wave and OP …

Wyckoff Wave Ready To Rally?

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was down for the week.  Volume decreased slightly again. The O-P was down for the week. The Force Index was down for the week. With this week’s selloff, we now have put some Wyckoff labels on the action.  We could be completing a “back up” here. The Technometer is at extreme oversold supporting the above case that we are ready to try the upside. The Wyckoff Wave and OP are moving in …

We have the BTC USD Technometer at 37.8 and a bullish divergence with OP (volume) hitting new lows while price holds higher lows. I think we make a bottom here….. So if you used the $36,100 mental I recommend, I would buy back that 66% at the market here. Current price $33,829

Todd Butterfield Blog, Model Bitcoin Portfolio, Trade Updates