The Wyckoff Wave Looks Still Higher For The Coming Week.

The Wyckoff Wave closed nicely higher once again for the week, on low volume. 

We was wanting an another oversold Technometer before a resumption of the uptrend, but we was down Sunday night briefly, but spent the rest of the week rallying.

We expect further strength in the coming week, until the Technometer gets overbought.

The Technometer is currently at 46.8.  


The Wave and OP are moving in unison.  


WWN – The Wyckoff Wave New Index closed higher as well for the week, on average volume.   

We was looking for another good buy setup, before higher, but we continued higher right out of the gate.  We look for more strength as the Technometer is neutral.

Currently the Technometer is neutral at 44.1. 


The Wyckoff Wave Growth Index was up for the week, on an increase in volume.  

We worked slightly lower early in the week, then turned higher on a deeply oversold Technometer as expected.  We look for still higher.

Currently the Techometer is neutral/overbought at 47.0.  


The SPY was up for the week, on average volume. 

We was looking for slightly lower, then a return to higher prices, which we got.

We look for still higher as the Technometer is not overbought, as it is currently 46.5.  


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The bond market had a nice rally on low volume as expected.   The Technometer was oversold, and is still, so we look for higher.  

Technometer is near oversold at 39.8.


The Wyckoff Wave Metal Index was sharply higher for the week on large increase in volume.   We had said higher prices with a stop at the low, and that has worked.   

Looks like we could still work higher here as well. 

The Technometer is neutral/overbought at 46.0.


The long dollar ETF, UUP was down sharply, on slight increase in volume.

We was looking for lower, and it appears we have made a top in the Dollar as expected.  Let’s look for continued weakness.

The Technometer is near neutral with a reading of 42.3.


Bitcoin was down sharply for the week on a large increase in volume.  

Bitcoin was doing well until the FTX news rocked the market.   We did get an oversold Technometer on the selloff, so we could be experiencing a “spring” of the blue support line.   We need this market to test Wednesday’s low here and turn higher.   

Our Technometer for Bitcoin is neutral/oversold at 42.5. 



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Good Trading,

Todd Butterfield

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