The Wyckoff Wave Rallied Off Of Support As Expected

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave recovered last week as we was expecting.  Volume did not increase on the rally, but did have nice five day push higher. The O-P was also higher for the week. The Force Index was up sharply for the week. The Technometer is near an overbought condition.   The OP had made a new low for the recent correction coming into the week, which we pointed out was a bullish divergence.   It did …

The Wyckoff Wave Continued its Correction Last Week

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave continued its correction last week.  Volume was slightly lower for the week as we tested previous lows. The O-P was lower for the week, and went to another new low for this recent selloff. The Force Index was also lower for the week. The Technometer is registering an oversold condition.   We had expected the Wyckoff Wave to rally last week but it continued lower to test the previous lows.  The OP …

The Wyckoff Wave Corrected the Recent Advance as Called For

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave corrected as expected last week.  Volume was at average levels for the week. The O-P was lower for the week, and also went to a new low for this recent selloff. The Force Index was also lower for the week. The Technometer is registering a deeply oversold condition.   We had expected further weakness this last week and it occurred.  The OP continued its recent downtrend as well and traded weak into …

The Wyckoff Wave Corrected the Recent Decline

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave extended its gains as expected last week.  Volume was slightly lower for the week. The O-P was slightly higher for the week. The Force Index was also higher for the week. The Technometer is in an overbought condition.   We had expected further rally this past week and it occurred.  The OP did trade in lockstep with the Wyckoff Wave.   With the Spring occurring at the bottom of the range as …