The Wyckoff Wave Corrected the Recent Decline

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 called, last weeks continued rally gave the upcoming test a better chance to succeed.
We had done a video Friday, since our Technometers in alot of markets had returned to overbought.  We wanted to be on the lookout of an upcoming test of the spring, or worse yet a fall thru the ice.  You can view video here….
With the Technometer still trading near overbought we look for further declines in the week ahead.

The Wyckoff Wave Growth Index (WWG), also rallied slightly for the week.  We had recommending covering shorts on the oversold Technometer, but this market has been a little weaker on its recovery.  It also could turn lower here in lockstep with the Wyckoff Wave.

The bond market traded higher for the week.  The Technometer was extremely overbought when we went short two weeks ago, and quickly returned to extremely oversold at Wednesday’s low where we covered our short, as we had stated we would.  We will once again sell a bounce in this market when the Technometer returns to near overbought.
Stocks/bonds are moving in negative correlation which currently makes both these markets easier to trade for us.

We wanted to show a chart on SQ, as the Technometer for this stock has been extremely profitable.  We just made a quick profit for our ProTraders, on the last Buy/Sell from the Technometer.  We show with the blue dots on the Technometer when it is overbought/oversold.
Put these indicators to use for you!

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.
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 946 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

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