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 …