Menu
  • Home
  • Store
    • Wyckoff Course
    • Memberships
      • Pulse Of The Market Charting Membership
      • ProTraders Membership
      • Pro Traders Membership (Crypto Discord Members)
    • Courses
      • **Wyckoff Unleashed Official Online Course**
      • Wyckoff Unleashed Official Beginners Online Course
      • Introduction To Wyckoff
      • Cryptocurrency & Wyckoff
      • دورة المبتدئين العنان – Unleashed Beginners Online Course
      • Richard D. Wyckoff Tape Reading and Active Trading Course
      • Wyckoff Trading Techniques Online Course
      • “Pulse Of The Market” Charting Software
      • Wyckoff Unleashed Course (Installment Program)
    • EBooks
      • Studies In Stock Speculation
      • Original Wyckoff Stock Market Institute Course Ebook 1931
    • Wyckoff SMI Partners
      • ReadTheTicker
  • Library
  • Alumni
  • Blog
  • Affiliate
    • Affiliate Program Info
    • Affiliate Area

    Shopping Cart

    No products in the cart.

    Sign in Sign up

    Shopping Cart

    No products in the cart.

    • Home
    • Courses
      • Wyckoff Unleashed Official Online Course
      • Wyckoff Unleashed Official Beginners Online Course
      • Wyckoff Unleashed Official Online Course (Installment Program) 6 Payments
      • Introduction To Wyckoff Online Course
      • Trading Techniques Online Course
      • Richard D. Wyckoff Tape Reading and Active Trading Course
      • “Pulse Of The Market” Charting Software Online Course (Free)
    • Memberships
      • Charting Membership
      • ProTraders Membership
      • Pro Traders Membership (Crypto Discord Members)
    • Library
    • Alumni
    • Blog
    • Affiliate
      • Affiliate Program Info
      • Affiliate Area
    • Contact Us
    • Login
    • Register
    Home » spg

    Tag: spg

    Wyckoff Wave still continuing in this sideways, low volatility range

    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…

    Todd Butterfield April 23, 2017
    0 Comments

    Wyckof Wave has its lowest close since February 10th

    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…

    Todd Butterfield April 16, 2017
    0 Comments

    Dull Sideways Action….

    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…

    Todd Butterfield April 9, 2017
    0 Comments

    Wyckoff Wave Still In The Midst Of A Correction

    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…

    Todd Butterfield April 2, 2017
    0 Comments

    Wyckoff Wave Continues Its Correction

    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…

    Todd Butterfield March 26, 2017
    0 Comments

    Wyckoff Wave Trading in a Narrow Range

    The Wyckoff Wave spent the past week trading sideways with very little movement, and closing slightly lower for the week.   The price and volume…

    Todd Butterfield March 19, 2017
    0 Comments
    Load More
    © 2023 - Wyckoff SMI - Stock Market Technical Trading

    Forum Description

    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 are at historical low levels.

    The S&P and Nasdaq Indices were both up slightly for the week.

    The Wyckoff Wave traded slightly lower for the week.  Monday/Tuesday saw slight selling, with a rally Wednesday off of the Fed news. Then Thursday/Friday saw minor supply present once again.  We still expect lower prices from here.

    The Optimism – Pessimism Index lagged on the rally to "J", and traded aggressively lower the last three weeks.  Last week the O-P continued to trade sideways, with no volume coming in to support the rallies.

    The Force Index did not support the rally to "J" either, and has traded considerably lower in the last three weeks.   Last week saw the downside pull lesson, but we appear to still have considerable pressure to the downside.

    We want to also discuss a chart of the Wyckoff Wave New.  This Wyckoff Wave includes more industry leaders as well as some major Nasdaq stocks.  The components are:  AMGN, AMZN, PG, WFC, JNJ, GE, FCX, DOW, XOM, SPG, AAPL, DUK.  The Wyckoff Wave New has broken its recent uptrend as it could not rally to overbought line during the last month.  It has now broken the support line of the uptrend and being rejected by it.  We have also seen the O-P making a minor new high while the Wave has not.  You can also see the Force has been applying downside pressure, and the Technometer is coming back to near an overbought level for a sell signal.  These Wyckoff indicators show that the Wyckoff Wave New should see lower prices in the days/weeks ahead.

      We still have shorts on various stocks that continue to show relative weakness versus the general market.  For our ProTraders we are short GE, SBUX, CAT, and PX.  We could possibly be adding more shorts this week. The bond market traded up nicely off of the Fed meeting.  We are now standing aside awaiting clarity. Good Trading,

    Todd Butterfield

    Report

    There was a problem reporting this post.

    Block Member?

    Please confirm you want to block this member.

    You will no longer be able to:

    • See blocked member's posts
    • Mention this member in posts
    • Invite this member to groups
    • Message this member
    • Add this member as a connection

    Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.

    Report

    You have already reported this .
    Clear Clear All