The Wyckoff Wave In The Range

The Wyckoff Wave was down slightly for the week.  Volume was average.
The O-P was down for the week.
The Force Index was down sharply as well for the week.

The Technometer is oversold.

The OP was hitting new lows on Friday, while the Wave was holding higher.

 
The Wyckoff Wave traded in the middle of the range as we expected.
With the Technometer now nearing 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 slightly lower last week.  Its Technometer was oversold and now nearing overbought.  It has backed up to its previous support area, so lets see if we can put together a rally here as well this coming week.

 
The bond market continued its bull trend and closed up slightly for the week.
The Technometer is overbought here, so we expect more backing and filling.

 
The GDX closed slightly higher for the week. Technometer has been very overbought but it is being slowly worked off again.
We have stops in place, and will look to add on constructive pullback.

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 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 https://www.youtube.com/channel/UCDxK2PwEDvoaHZgjPV_WgcA
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Good Trading,

Todd Butterfield