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 …

Rotation Is Helping the Market

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 05-10 Since last November, the Wyckoff Wave has been in an intermediate up trend channel. The advance has been somewhat unique, in that there have been no significant reactions. The Wyckoff Wave would advance to the uptrend channel’s supply line. Then it would move sideways towards the supply line on narrow price spread and moderate volume. This process has been completed three times and we appear to be in …