The Wyckoff Wave Continues To Top Of Trading Range

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave once again was up for the week.  It broke the uptrend last week, but has now continued in a slightly less steep of an uptrend.  Volume was slightly below average. The O-P was also up slightly for the week. The Force Index was flat for the week. The Technometer reading is near overbought.   The Wave and OP relationship is back to moving in tandem.   This type action has kept the rally …

The Wyckoff Wave Broke Short Term Uptrend

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave once again was up ever so slightly for the week.  It did break the short term uptrend support line.  Volume was slightly below average. The O-P was also up slightly for the week. The Force Index also up slightly for the week. The Technometer reading is overbought.   We mentioned last week that the OP and Wyckoff Wave had a slight small bearish divergence.  This did lead to some selling this past …

The Wyckoff Wave Continues It’s Ongoing Rally

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave once again was up slightly for the week.  Volume was at average levels. The O-P was also up for the week. The Force Index flat for the week. The Technometer reading is slightly above neutral.   The OP and Wyckoff Wave is showing a small divergence with the OP rallying while the Wyckoff Wave has moved sideways.  This is the beginning of a bearish divergence.  Effort with no result…   We have …

The Wyckoff Wave Continued Lower For The Week

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave continued its correction last week.  Volume was at average levels. The O-P continued hitting fresh new lows for the correction. The Force Index was lower for the week as well. The Technometer came off a deeply oversold condition at Monday’s lows.   The OP has continued with its out performance to the downside.  It closed on its lows for the week. There are small positive divergences when compared to the price low …

The Wyckoff Wave Experienced a Sharp Correction

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave turned sharply lower as we was expecting.  Volume was slightly higher when compared to the previous rally. The O-P went to another new low for this correction . The Force Index was lower for the week. The Technometer is near an oversold condition.   The OP had made a new low for the recent correction.  It closed on its lows for the week. There is a small positive divergence when compared to …