The Wyckoff Wave In The Range

The Wyckoff Wave was down slightly for the week.  Volume was slower for the Holiday.
The O-P was up slightly for the week.
The Force Index was flat for the week.

The Technometer is slightly above the oversold level.


The OP and Wave are trading in unison.

The Wyckoff Wave continues to trade in the middle of the range for the holiday shortened week.
With the Technometer still coming off oversold, we would expect a move to the the resistance at the top of the trading range at 52,500.
Look to purchase stocks that are outperforming the Wyckoff Wave to the upside, or have backed up to creeks, or testing springs.

The Wyckoff Wave Growth Index (WWG) traded higher last week as expected.  Its Technometer was oversold and now overbought.  It had backed up to its previous support area, and trying to extends its gains.  We might need to back and fill somewhat to relieve the overbought Technometer before moving much higher.

The bond market traded slightly lower for the week.
The Technometer is back to neutral, but we expect a little more backing and filling before possibly entering long positions again.

The GDX closed slightly lower for the week. Technometer is approaching oversold after being extreme overbought.  Price has held higher levels which is bullish action.  We added to long position last week, and raised stops.

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,   This course is being offered at an affordable $299.99.  We have had 960 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
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.  
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Good Trading,

Todd Butterfield

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