The Wyckoff Wave Upthrusting The Recent Range.

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave traded sharply lower for the week.  Volume was slightly higher on the selloff as well. The O-P was down sharply as well. The Force Index was also down sharply for the week. The Technometer is trading deeply oversold.   We have been discussing over and over, how the OP has not acted well on the recent rallies.   This week saw the OP collapse to new lows once again.  It was reported recently …

The Wyckoff Wave trying to correct back into the range….

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave traded higher for the week.  Volume was slightly higher than norm, but equaling last weeks. The O-P was up slightly for the week as well, but still trading heavy. The Force Index was also down slightly for the week and went to new lows for the move. The Technometer is trading in a neutral condition after registering oversold at least weeks lows.   We have been discussing over and over, how the …

The Wyckoff Wave correcting back into the range….

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave traded lower for the week and corrected recent gains.  Volume was slightly higher for the week on the pullback. The O-P collapsed for the week and broke to new lows. The Force Index was also down sharply for the week. The Technometer is trading in an oversold condition.   We have been discussing over and over, how the OP has not acted well on the recent rallies.   This week saw the OP …

The Wyckoff Wave slow grind higher continues ….

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave traded nicely higher for the week once again.  We managed to penetrate the resistance level of the trading range we have been showing in purple.  Volume increased for the week heading into Friday’s close. The O-P continues to trade basically sideways but did join the rally somewhat on Thursday/Friday. The Force Index was up for the week as well but still below the highs of the last few weeks. The Technometer is …

The Wyckoff Wave slow grind higher….

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave traded higher for the week once again.  We slowly are approaching the top of the recent trading range shown by the purple lines.  Volume decreasing on the rally. The O-P continues to trade basically sideways without supporting the rally in the Wyckoff Wave. The Force Index was up for the week. The Technometer became oversold on Wednesday’s low, and now quickly back to a neutral reading.   The intraday chart for last …

The Wyckoff Wave stuck in the middle of the recent range….

Todd Butterfield Week In Review 0 Comments

We did a recorded video for our Youtube Subscribes on Thursday, if interested in viewing click here… https://youtu.be/Fv7u_sNyrgk The Wyckoff Wave traded slightly higher for the week.  We continue to trade in the middle of the recent range with no great volatility.  Volume still trading at recent average levels. The O-P continues to trade basically sideways with no real activity. The Force Index was unchanged for the week. The Technometer was overbought Thursday when we did …

The Wyckoff Wave traded sideways for the week….

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave traded once again flat for the week.  Volume still trading at slightly lower levels. The O-P is a broken record and continues to trade very sluggish, and not rallying off the lows. The Force Index was unchanged for the week. The Technometer closed the week slightly below neutral.   The intraday chart for last week showed the OP leading the way lower, before having a slight positive divergence on Friday.  Thus far …

The Wyckoff Wave still trading quietly in the middle of the range

Todd Butterfield Week In Review 0 Comments

Click the following link if you would like to also view a video we did Thursday on the components of the Wyckoff Wave. https://youtu.be/NWptdcGlzVw   The Wyckoff Wave traded flat for the week with very little volatility.  Volume still trading at slightly lower levels. The O-P continues to trade very sluggish, and not rallying off the lows. The Force Index increased slightly for the week. The Technometer closed the week slightly above neutral.   The intraday …

The Wyckoff Wave back in the middle of the trading range

Todd Butterfield Week In Review 0 Comments

Click the following link if you would like to also view a video we did Friday on the components of the Wyckoff Wave. https://youtu.be/NWptdcGlzVw   The Wyckoff Wave traded sharply higher at week’s end to finish the week higher.  Volume still trading at slightly lower levels. The O-P continued to underperform and traded a new low Wednesday for the intermediate decline since mid June.  While it was doing so,  price held higher which is a bullish …

The Wyckoff Wave still trading constructive for further advance

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave traded slighlty lower this past week.  Volume was slightly lower for the week as well. The O-P continues to underperform on the upside.  The O-P traded for a new low versus the late June lows, while price is still holding higher.  This could be a bullish divergence so we want to watch this in coming days.  If volume would come in off these lows we could see the WW respond nicely to …