The Wyckoff Wave Back Into The Middle Of The Trading Range

ANNOUNCMENT:   We have had major success in Bitcoin and Cryptocurrencies the last few years, so we have spent alot of analysis on these markets.  For those of you with no interest in Bitcoin, we have started a new Twitter where we will discuss just the stock, bond, and metal markets.  Give us a follow at if you have an interest.   Also with our success of our Crypto Discord, we are entertaining the idea of starting one strictly for stocks as well.  We will keep you updated…
The Wyckoff Wave ended the week higher once again, continuing the rally we have been expecting.  Volume was at the low end due to the Holiday shortened week.
The O-P was up slightly for the week.
The Force Index was also up slightly for the week.a

The Technometer is still sitting at neutral.


The Wyckoff Wave is slightly stronger than the OP.

The Wyckoff Wave traded higher for the week as expected.
We had expected continued strength last week as our Technometer was registering a neutral reading, giving us plenty of opportunity to continue the advance off the successful test of the spring.
The Technometer is still neutral, so it seems we have a few more days in rally mode.   Let’s see if we can get closer to the top of our large trading range as marked in purple.   Volume did not come into the market as of yet, so we might still just be stuck with more of this trading range action.

The Wyckoff Wave Growth Index (WWG) also traded higher for the week as expected.
We had a neutral Technometer last week but we finished the week near overbought.  The growth stocks are a little weaker here, so this market could be ready to try the downside again.   We have had a small trading range last two months, and it would appear we want to test the bottom side of it again in the near future.

The SPY had a strong rally for the week as expected.
Here as well we have a neutral Technometer, so we would expect continued rally attempts.

The bond market traded slightly lower for the week.
We had expected some selling to come into the TLT this past week, in contrast to the rally in stocks.   This did happen on a very small basis, and our Technometer is still below neutral.  We would like to see the TLT pullback some more, and give us a solid oversold reading.
We will watch from the sidelines.

The GDX was down for the week with selling coming in Thursday/Friday.   We had an oversold Technometer last week and that did not stop the selling late in the week.  We had warned that this market was overextended, thus why we are on the sidelines after catching the majority of the rally this year.
We will continue to stand aside……

The long dollar ETF, UUP traded lower for the week after registering a new high for the move.   This market has been relentless to the upside but looks like it might have had a short term upthrust last week.   We are now testing that upthrust, and overbought on the Technometer.

IMPORTANT ANNOUNCEMENT:  Our “Pulse of The Market” charting software for Cryptocurrrencies is now working.  This software has consolidated volume for the Crypto’s which is utmost important when applying Wyckoff Technical Analysis.   We are showing this software in use on our social media sites. 
We have recently started a Discord channel where we discuss the Crypto markets.  We have had huge success and if you trade Bitcoin you might like monthy access at $40 a month.
Due to the demand for Bitcoin/Cryptocurrency information and trading knowledge, we released a Cryptocurrency and Wyckoff Trading Course at our site,   This course is being offered at an affordable $299.99.  We have had 960 students enroll since its launch on June 22, 2017.   On June 28th we added lessons detailing the OP, Force, and Technometer and how to use these Wyckoff Tools for analysis.
If you are interested in Wyckoff stock chart analysis as well as Crptocurrency, search “Learn Crypto / Wyckoff SMI” or click this link
Please subscribe and click the bell to be notified of our upcoming broadcasts.  
Our current schedule is Monday-Thursday approximately 6:30 p.m. CST, and they usually last approximately one hour.  We will also broadcast at additional random times since we want to satisfy our international subscribers as well.  
If you would also like to follow us on twitter for news and trade ideas, follow “LearnCryptoShow”, or “WyckoffonCrypto”.   We have given numerous profitable trades to our subscribers on the Youtube channel, as well as Twitter.  
Good Trading,

Todd Butterfield

Related Articles


This site uses Akismet to reduce spam. Learn how your comment data is processed.

ProTraders Announcement​

We moved our two subscriptions to a Discord channel

Now you can Join us on Discord Channel