The Wyckoff Wave was up for the week and registered a new recovery high off of the virus selloff.
The Technometer registered overbought on Thursday morning’s gap higher, and we took that as an opportunity to sell the long positions we have had for the last few months.
We would expect further weakness in the days/weeks ahead.
The Wyckoff Wave Growth Index (WWG) was flat for the week.
The Technometer is near neutral, but we would expect his market to work lower as well.
The SPY finished the week higher with the rest of the general market.
The Technometer was also overbought here on Thursday, and we expect still lower prices.
If you want more current up to the minute updates, please join our ProTraders/Private Discord.
We currently have no stock positions. Join Here
The bond market closed lower for the week.
Our Technometer become oversold on Thursday’s selloff. We could have had a slight spring on Thursday as well.
We would expect the TLT to work higher as stocks work lower.
The GDX finished the week lower as expected.
The Technometer started the week near overbought and traded down to near oversold. We might have a little higher bounce here, and then would enter shorts.
The long dollar ETF, UUP was down for the week again.
This market has been in a tight range for weeks. We expect higher, and we could be making a low as we speak.
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. https://www.patreon.com/LearnCrypto
Due to the demand for Bitcoin/Cryptocurrency information and trading knowledge, we released a Cryptocurrency and Wyckoff Trading Course at our site, LearnCrypto.io This course is being offered at an affordable $299.99. We have had 1020 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 https://www.youtube.com/channel/UCDxK2PwEDvoaHZgjPV_WgcA
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.