The Wyckoff Wave Going To Overbought.

The Wyckoff Wave finished the week solidly higher, on more normal volume.  BA, GE, and T lead the advance for the Wave.

We was looking for some strength this week, and a return to an overbought Technometer.   We did get the strength as shown, and we are near overbought.   Let’s look for a little higher early in the week, and then another short term pullback. 

The Technometer is near overbought at 49.7.  


The Wave/OP  are moving in unison to the upside. 


WWN – The Wyckoff Wave New Index also closed nicely higher on a slight increase in volume. 

Here we also wanted a rally and an overbought Technometer.   We got both. 

Let’s look for a short term top early in the week, and then anticipate some type of pullback.

Currently the Technometer is overbought at 50.0. 


The Wyckoff Wave Growth Index closed only slightly higher last week, on average volume.  

Here we was on the sidelines looking for an overbought Technometer which we have almost gotten.   A correction will be due here as well. 

Currently the Techometer is near overbought at 49.6.  


The SPY was up slightly, on average volume.

We was wanting a little higher, and it appears we can still work slightly higher from the Friday close, before worries of a correction.    

The Technometer is near overbought at 47.8.


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The bond market was up sharply for the week as expected, on average volume.

The Technometer  is now nearing overbought as well, so lets look for a correction to start on a little more strength early in the week.  

The Technometer is near overbought at 47.7.


The Wyckoff Wave Metal Index was sharply higher on a slight increase in volume.

We didn’t get an oversold Technometer as we wanted, but we did get further strength as we warned about.  We are overbought and lets look for a correction here as well for the coming week.

The Technometer is overbought at 51.5.


The long dollar ETF, UUP was flat for the week, on low volume.

We was looking for higher last week, which we got until Friday’s reversal.  Our Technometer is near oversold, and we still have a new low in the volume (OP), while price is flat.   Let’s look for still higher in the week ahead. 

The Technometer is nearing oversold with a reading of 40.


Bitcoin was also higher for the week as expected on low volume.

Our Technometer is still near neutral, so lets look for Bitcoin to continue higher this week before looking for a short term correction.       

Our Technometer for Bitcoin is neutral at 46.0. 


For those of you who are members, follow us on social media, or on our email list, you know we are long ETH from $1,189 with a protective sell stop now at $1,220.  We look for still higher here early in the week. 



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Click Here Our new “Pulse of The Market” charting software for Cryptocurrrencies is now showing consolidated volume from over 140+ exchanges.  This is utmost important when applying Wyckoff Technical Analysis.   We are showing this software in use on our social media sites, and will be launching for subscription in near future. 

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If you are interested in Wyckoff stock chart analysis as well as Cryptocurrency, search “Learn Crypto / Wyckoff SMI” or click this link Please subscribe and click the bell to be notified of our upcoming broadcasts.

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Good Trading,

Todd Butterfield

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