The Wyckoff Wave digesting its gains…

This past week the Wyckoff Wave spent the week digesting the gains of the previous weeks.  Volume was average for the week.

The Technometer is trading at neutral.

The S&P was up .68%, and the Nasdaq was up over 1% for the week.


The Wave spent the week trading in a very narrow range and volume was flat.  The O-P rallied slightly for the week.

The Force Index was lower for the week once again.

The Technometer has went from extreme overbought to neutral over the last two weeks.  During this time the Wave has added to its gains and has digested them.  This is very positive action for the bulls.

The one year Daily chart shows the Wyckoff Wave back at the overbought line of its uptrend.  The Technometer is now trading neutral, and it will not take much of a correction to get it to oversold.  We was expecting some type of short term correction to be used to enter long positions.  So far we have had no pullback in the Wyckoff Wave…

The Wyckoff Wave Growth Index (WWG) rallied slightly this week and is still trading heavy.  We think there is more downside to this Index in the immediate days ahead.

The bond market was down nicely last week in continued negative correlation to the Wyckoff Wave.  We did not get a short term rally to increase short positions on.  We will continue to watch for an area to add.

IMPORTANT ANNOUNCEMENT:  Barchart just announced that they will be offering trade data on Cryptocurrencies now.   We will therefore be launching our “Pulse of The Market” for Cryptocurrrencies in the upcoming weeks.
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 offered at an affordable $249.99 and we have had 540 new students enroll in the last 13 weeks.  The price of the course is increasing late this week to $299.99 so please purchase this week if you are interested.
We also have a Youtube channel that has grown quickly to 10,700 subscribers in a matter of a few months.  If you are interested in Cryptocurrency news and Wyckoff chart analysis, search “CRYPTO NEWS”, subscribe, and click the bell to be notified of our upcoming broadcasts.  Our current schedule is Monday-Friday around 5 p.m. CST and they usually last close to two hours, and we just added an approximate 10-11 a.m. broadcast to reach more of our international subscribers.  We have subscribers all over the world, so at times we vary broadcasts to try and satisfy international subscribers.  
If you would also like to follow us on twitter for news and trade ideas, follow “WyckoffonCrypto”.   We have given numerous profitable trades to our subscribers on the Youtube channel, as well as Twitter.  We felt this market with its public participation, lots of volatility, and extreme emotions would be much easier to trade.  So far that has been the case…
Good Trading,

Todd Butterfield

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