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 …