Wyckoff Wave Overbought, Trying To Hold Gains.

Todd Butterfield Week In Review 0 Comments

We are still having an issue with the calculation of our Wyckoff Wave that are developers are working on.   This week there will be no Wyckoff Wave chart.  The Wave did work slightly higher again last week as expected. Apologize for the inconvenience. The Wyckoff Wave Growth Index (WWG) finished the week slightly lower last week.  As mentioned we needed more positive action last week with higher volume to the upside, but we did not …

Wyckoff Wave Trying To Press Higher.

Todd Butterfield Week In Review 0 Comments

We are having an issue with the calculation of our Wyckoff Wave that are developers are working on.   This week there will be no Wyckoff Wave chart.  The Wave did work higher last week and appears to have some more to the upside for the coming week. Apologize for the inconvenience. The Wyckoff Wave Growth Index (WWG) finished the week higher after testing the previous weeks low as expected.  We started the week with some …

Wyckoff Wave Close To Making A Decision.

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was up slightly for the week as expected.  Volume was average. The O-P was up for the week as well. The Force Index was  down slightly for the week. The Wave fell below the recent support line three weeks ago, and since has tried to rally strongly back above it to confirm a Spring/Test.  This lack of strength is concerning, and could warn that we have instead experienced a Sign of Weakness, …

Wyckoff Wave Tested The Lows, Ready To Rally Further?

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was up slightly for the week,  after Monday’s sharp selloff.  Volume was average. The O-P was down for the week. The Force Index was also down for the week. The Wave fell below the recent support line two weeks ago, then rallied back to it.  This last week it appears that we tested the low from the previous week and could rally further this coming week. The Technometer is at 41.9, and …

Wyckoff Wave On The Support Line.

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was up for the week,  after Monday’s sharp selloff.  Volume was flat. The O-P was up for the week. The Force Index was also up for the week. The Wave fell below the recent support line, then spent the rest of the week rallying back to it.   It looks much like a rally back to the ice.   We will give it early next week to see how price behaves at this level. …

Wyckoff Wave At Support, Not Bouncing.

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was down again for the week.  Volume increased. The O-P was down slightly for the week. The Force Index was down for the week. We have been looking for continued sideways action in our recent trading range.   We now find ourselves at the support of the range, and we are not rallying off of it.  Last week’s action does not look good for the bulls. The Technometer is now at a neutral …

Wyckoff Wave At Support, And Looking To Bounce.

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was down every day this past week.  Volume is still at low levels. The O-P was down for the week. The Force Index was down for the week. We have been looking for continued sideways action in our recent trading range, and we have gotten it.   We have now worked our way down to the support line of the trading range. The Technometer is now at 37.7, so once again we expect …

Wyckoff Wave Still Summer Doldrums.

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was up slightly for the week.  Volume was up some but continues at consistent low levels. The O-P was up for the week. The Force Index was down for the week. We have been looking for continued sideways action in our recent trading range, and it appears we can expect more of the same. The Technometer is now at 45.7, so any further rally will probably take us to overbought again, and …

Wyckoff Wave Stuck In Its Trading Range.

Todd Butterfield Week In Review 0 Comments

I have had COVID for the last three weeks, thus no updates.  Apologize for the interruption. The Wyckoff Wave was down for the week.  Volume continues at consistent low levels. The O-P was down for the week. The Force Index was also down for the week. We have been looking for continued sideways action in our recent trading range, and it appears we can expect more in the week ahead. The Technometer is working towards …

Wyckoff Wave Continuing Sideways Trade In Its Recent Range.

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was flat for the week.  Volume continues at consistent low levels. The O-P was up for the week. The Force Index was up for the week. We have been looking for continued sideways action in our recent trading range, and it appears we can expect more. The Technometer is working towards overbought, but appears more upside before that will happen.   So we will look for a slight rally and an overbought Technometer …