Wyckoff Wave still continuing in this sideways, low volatility range

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave opened higher Monday, and then spent the rest of the week trading basically sideways.  Volume was slightly higher this week but still trading average levels.  Our work showed some supply still present. The Technometer spent the majority of the week trading below neutral near oversold, and closed there. The S&P was up approximately .75% for the week and the Nasdaq up over 1.5% for the week. The Wyckoff Wave spent the week …

Wyckof Wave has its lowest close since February 10th

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave opened higher Monday, and stair stepped lower the rest of the weak.  For the week the Wave was down 750 points.  Volume was at normal low levels and showed supply present. The Technometer spent the majority of the week trading near neutral and finished the week slightly below neutral. The S&P and Nasdaq Indices were both down over 1% for the week. The Wyckoff Wave spent the week slowly working lower.  We …

Dull Sideways Action….

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave opened lower Monday, then rallied into Wednesday before succumbing to a sharp reversal.  The Wave then spent Thursday/Friday trading sideways.  For the week the Wave was up slightly.   Volume gave no strong clues during the week, but showed supply still present. The Technometer spent the week trading near neutral and finished Friday slightly below neutral. The S&P and Nasdaq Indices were both down slighlty for the week. The Wyckoff Wave spent …

Wyckoff Wave Still In The Midst Of A Correction

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave opened Monday sharply lower, then rallied into Thursday, before succumbing to a selloff on Friday.  For the week the Wave was up slightly.   Volume gave no strong clues during the week, but showed some supply still present. The Technometer spent the week trading near neutral and finished Friday slightly above neutral. Volatility picked up on Monday’s selloff and then settled back down to close slightly lower for the week.  VIX closed …

Wyckoff Wave Continues Its Correction

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave spent the past week extending its correction of the last month.  Volume increased on the selloff and shows supply present. The Technometer spent the week trading near neutral and finished Friday slightly below neutral. Volatility picked up slightly and is at the high end of the range for the last year or so.  VIX closed the weak at $12.96. The S&P and Nasdaq Indices were both down appoximately 1.4% for the week. …

Wyckoff Wave Trading in a Narrow Range

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave spent the past week trading sideways with very little movement, and closing slightly lower for the week.   The price and volume relationship shows supply still present.  It was not dominant, but still present. The Technometer was nearing oversold early in the week, but now back to above a neutral reading.    Any further rally in the Wave, will take the Technometer to overbought quickly. Volatility has not picked up, and we …

Reaction In The Trading Range Is Still In Play

Todd Butterfield Week In Review 0 Comments

As we discussed last week, the recent rally to “V” was on a lack of demand, and not consistent with a Sign of Strength.  It appears the resistance at the top of the trading range is putting a lid on prices here.  This past weeks action did nothing to change our opinion. We expected a correction to begin this past week, and for the Wyckoff Wave it has been very slow to materialize, and make …