The Wyckoff Wave At Support

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was down sharply for the week, before recovering most of the losses.  Volume was higher especially coming off the lows Thursday/Friday. The O-P was down slightly for the week. The Force Index was also down slightly for the week. The Technometer is still trading at neutral.   The OP  and Wave are trading in lockstep.   The Wyckoff Wave traded lower for the week as expected.   We had thought we would once …

The Wyckoff Wave Back Testing The Bottom Of The Range

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was down for the week once again.  Volume was at levels from previous weeks. The O-P was down slightly for the week. The Force Index was up slightly for the week. The Technometer is now neutral.   The OP  and Wave are trading in lockstep.   A new low in the OP late Friday was not confirmed by the Wave.   The Wyckoff Wave traded lower for the week, after trying to rally …

The Wyckoff Wave Continues Range Bound

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was down for the week once again.  Volume was higher again from previous weeks. The O-P was up slightly for the week. The Force Index was flat for the week. The Technometer is now neutral.   The OP is slightly stronger than the Wyckoff Wave this week, which has brought the Technometer up from oversold, to a neutral level.   The Wyckoff Wave traded lower after being up slightly mid week. With …

The Wyckoff Wave Continues Range Bound

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was down for the week.  Volume was slightly higher than previous weeks. The O-P was also down for the week. The Force Index was down sharply for the week. The Technometer is quickly back to oversold.   The OP and Wave traded in unison for the week until Friday, when the OP went to a new low while price held higher.   The Wyckoff Wave traded minus all week, as we had …

The Wyckoff Wave In The Range

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was up slightly for the week.  Volume still at slightly below normal levels. The O-P was also up slightly for the week. The Force Index was flat for the week. The Technometer is quickly back to neutral.   The OP and Wave are trading in unison.   The Wyckoff Wave rallied slightly last week, but we had expected a start of a correction. With the Technometer now at neutral levels we will …

The Wyckoff Wave In The Range

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was up for the week.  Volume was below normal for the summer doldrums. The O-P was up strong for the week. The Force Index was also up strong for the week. The Technometer is extreme overbought.   The OP and Wave are trading in unison.   The Wyckoff Wave rallied last week as expected. With the Technometer now at overbought levels we think this rally will stall here.  This is not a …

The Wyckoff Wave In The Range

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was down slightly for the week.  Volume was slower for the Holiday. The O-P was up slightly for the week. The Force Index was flat for the week. The Technometer is slightly above the oversold level.   The OP and Wave are trading in unison.   The Wyckoff Wave continues to trade in the middle of the range for the holiday shortened week. With the Technometer still coming off oversold, we would …

The Wyckoff Wave In The Range

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was down slightly for the week.  Volume was average. The O-P was down for the week. The Force Index was down sharply as well for the week. The Technometer is oversold.   The OP was hitting new lows on Friday, while the Wave was holding higher.   The Wyckoff Wave traded in the middle of the range as we expected. With the Technometer now nearing oversold, we would expect a move to …

The Wyckoff Wave Back In The Range

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was up for the week.  Volume was average. The O-P was also up slightly for the week. The Force Index was down slightly for the week. The Technometer is neutral.   The OP moved in lockstep with Wyckoff Wave except for major sell bar at Friday’s close.   The Wyckoff Wave did not move lower to test the lows at 47,000 this week as expected.   Instead it continued its rally off the …

The Wyckoff Wave Testing Support At The Bottom Of The Range

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was down slightly for the week as expected.  Volume was slightly lower. The O-P was also up slightly for the week. The Force Index was up nicely for the week. The Technometer is now back to neutral after last weeks overbought reading.   The OP as slightly stronger than the Wyckoff Wave last week.   The Wyckoff Wave corrected slightly last week to begin the test of the support at 47,000. With …

The Wyckoff Wave Found Support At The Bottom Of The Range As Expected

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was up sharply for the week after a gap down opening on Monday.  Volume was average. The O-P was also up sharply for the week. The Force Index was flat for the week. The Technometer is now back to overbought after last weeks oversold reading.   The Wave and OP moved in unison last week.   The Wyckoff Wave tested the support at 47,000 we have been anticipating and rallied nicely off …

The Wyckoff Wave Nearing The Bottom Of The Range As Expected

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was down for the week on average volume. The O-P was also down for the week. The Force Index was down slightly for the week. The Technometer was registered an oversold reading on Friday.   The Wave and OP both hit new lows at the end of the week, so somewhat moving in lockstep.   The Wyckoff Wave has finally made its way to near the bottom of its trading range that …