The Wyckoff Wave Has Some Volatility Return

The Wyckoff Wave closed down for the week.  Volume was average.
The O-P was also down for the week.
The Force Index was down slightly.
The Technometer is now nearing oversold.


The OP is trading slightly weaker than the Wyckoff Wave.

The Wyckoff Wave finally saw some selling and volatility arrive.  It had spent weeks at the top of the range, and could not break through.
The Technometer has been trading around neutral, but now working its way near oversold.
We would expect further weakness in the week ahead.

The Wyckoff Wave Growth Index (WWG) traded higher for the week once again.  The WWG has significantly outperformed the Wyckoff Wave to the upside.
With an overbought Technometer, we finally had some negative price action late in the week.  We would expect still lower prices for the coming week.

The SPY finished the week lower.  We had expected the SPY to turn lower as the OP lagged the upside rally in prices.
Friday’s action looks like a change in character, and we expect lower prices.  Technometer is neutral, so will allow for further selling.
If you want more current up to the minute updates, please join our ProTraders/Private Discord.    Join Here

The bond market was up sharply for the week.
Our Technometer never gave us a good entry buy, but price action looks as if it closed the doors on any further downside.
We are on the lookout for a small correction and a buy signal.

The GDX finished the week higher.  We had expected somewhat lower prices last week, but it looks like lower interest rates helped this market out as well.
We are on the sidelines here.

The long dollar ETF, UUP was up for the week.  We thought resistance would keep a lid on this market.  We are at resistance and Technometer came off of overbought and nearing oversold.   We are on the sidelines here as well.

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 an active Discord channel where we discuss the Crypto markets.  We have had huge success and if you trade Bitcoin you might like monthly 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 1005 students enroll since its launch on June 22, 2017.   On June 28th, 2018 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 Cryptocurrency, 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 “WyckoffonStocks”, “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