The Wyckoff Wave In The Middle Of The Range

The Wyckoff Wave closed higher for the week on average volume.
The O-P was slightly higher for the week.
The Force Index was also higher for the week.

The Technometer is quickly nearing an overbought condition.

The Wave and OP are trading in lockstep.

 
The Wyckoff Wave continues to flop around in the middle of the recent trading range.  We had expected a deeper test of the 50,000 support level, and still feel that will come in the trading days ahead.
The Technometer was oversold last week which gave us the small rally last week, but now the Technometer is quickly approaching overbought once again.
We would expect the Wave to continue higher early in the week, then we expect another chance at a selloff to the bottom of the trading range.
The rally off the 44,000 level in the first quarter was very impressive and keeps this long bull market alive.  We have been expecting sideways type trading range action, then ending action at some point for further long term gains.

 
The Wyckoff Wave Growth Index (WWG) was down ever so slightly for the week.   We expect further weakness here as well.

 
The bond market continued its strong gains for another week as expected.  This has been a nice trade for us, and we still expect higher prices.
Stay long, trail stops, and look for higher prices.

 
The GDX was down for the week after registering an overbought Technometer on Tuesday.  We will probably look to add to longs as the Technometer approaches oversold, if the GDX can hold the $21.50-22 level.

 
Square (SQ) traded slightly lower for the week as expected.  We hope for another buying opportunity in the very near future, as we think SQ can work lower from here still.

 
Caterpillar had a strong day Friday, but would expect rally to slow as resistance is reached. 
 
Shopify was up for the week after registering the oversold Technometer.  Once again this is a strong stock and one to own in the future for further gains.  We will look to buy back at some point soon.
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, LearnCrypto.io   This course is being offered at an affordable $299.99.  We have had 949 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 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 “LearnCryptoShow”, or “WyckoffonCrypto”.   We have given numerous profitable trades to our subscribers on the Youtube channel, as well as Twitter.  
Good Trading,

Todd Butterfield