The Wyckoff Wave was up sharply for the week after a gap down opening on Monday.  Volume was average. The O-P was also up sharply for the week. The Force Index was flat for the week. The Technometer is now back to overbought after last weeks oversold reading.   The Wave and OP moved in unison last week.   The Wyckoff Wave tested the support at 47,000 we have been anticipating and rallied nicely off …

The Wyckoff Wave was down for the week on average volume. The O-P was also down for the week. The Force Index was down slightly for the week. The Technometer was registered an oversold reading on Friday.   The Wave and OP both hit new lows at the end of the week, so somewhat moving in lockstep.   The Wyckoff Wave has finally made its way to near the bottom of its trading range that …

The Wyckoff Wave was down slightly for the week on average volume. The O-P was up slightly for the week. The Force Index was up as well for the week. The Technometer was close to an overbought reading late in the week.   The Wave and OP did not trade in lockstep last week.  The OP rallied into Thursdays high and gave us the near overbought reading on the Technometer.  This is slightly bearish for …

The Wyckoff Wave was down slightly for the week on average volume. The O-P was flat for the week. The Force Index was down slightly for the week. The Technometer is at a neutral reading.   The Wave and OP did not trade in lockstep last week.  The Wave was stronger on the rally while the OP lagged.   The Wyckoff Wave finallly had the pullback we have been calling for off of the top …

The Wyckoff Wave had a nice pullback for the week on average volume. The O-P was down slightly for the week. The Force Index was up slightlyl for the week. The Technometer came off of an oversold condition on Thursday, and still at a reading of 41.   The Wave and OP had a slight buy divergence on Friday as the Wave went to a new low while the OP did not.  This is not …