The Wyckoff Wave Continued its Correction Last Week

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave continued its correction last week.  Volume was slightly lower for the week as we tested previous lows. The O-P was lower for the week, and went to another new low for this recent selloff. The Force Index was also lower for the week. The Technometer is registering an oversold condition.   We had expected the Wyckoff Wave to rally last week but it continued lower to test the previous lows.  The OP …

The Wyckoff Wave Corrected the Recent Advance as Called For

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave corrected as expected last week.  Volume was at average levels for the week. The O-P was lower for the week, and also went to a new low for this recent selloff. The Force Index was also lower for the week. The Technometer is registering a deeply oversold condition.   We had expected further weakness this last week and it occurred.  The OP continued its recent downtrend as well and traded weak into …

The Wyckoff Wave Corrected the Recent Decline

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave extended its gains as expected last week.  Volume was slightly lower for the week. The O-P was slightly higher for the week. The Force Index was also higher for the week. The Technometer is in an overbought condition.   We had expected further rally this past week and it occurred.  The OP did trade in lockstep with the Wyckoff Wave.   With the Spring occurring at the bottom of the range as …

The Wyckoff Wave Rallied As Expected

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The Wyckoff Wave rallied off oversold levels as expected last week.  Volume was also higher for the week. The O-P was slightly lower for the week. The Force Index was also lower for the week. The Technometer is trading slightly below neutral.   We had expected a rally this past week and got one.  The OP did not respond as well as we would have liked for the bull argument.   The one year daily …

The Wyckoff Wave Below Trading Range Support

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave continued lower for the week.  Volume has increased on the selloff. The O-P was lower for the week as well. The Force Index was higher for the week. The Technometer is trading slightly above oversold, after registering oversold at Wednesdays close.   We had expected a rally this week, but we began the week selling off then stabilized late in the week.  The OP is moving much more in lockstep with the …

The Wyckoff Wave Falls Back Further In The Trading Range.

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The Wyckoff Wave continued lower for the week.  Volume was slightly lower on the selloff. The O-P had its first week of outperformance in months. The Force Index was up slightly for the week. The Technometer is trading back above neutral.   We have been discussing over and over, how the OP has not acted well on the recent rallies.   On the selloff of two weeks ago, we saw the OP collapse to new lows …

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 …