The Wyckoff Wave Overbought, Short Term We Look For Sideways/Lower.

The Wyckoff Wave finished the week higher, on average volume.

We were looking for lower last week and we continued slightly higher.   We still think a pullback is due this week.

The Technometer is overbought at 50.9.  


The OP  is leading the Wave higher, lets look for lower in the week ahead.  


WWN – The Wyckoff Wave New Index also closed slightly higher on average volume. 

We was looking for more downside, and we still are expecting that in the week ahead.  

Currently the Technometer is overbought at 51.5. 


The Wyckoff Wave Growth Index closed sharply higher last week, on slight increase in volume.  

The Growth Index continues to outperform to the upside, which is good for growth stocks.   Let’s look for a pullback here as well.  

Currently the Techometer is overbought at 53.5.  


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

The Technometer did get to back to overbought on Thursday, after last week’s buy signal.   

We are looking for a pullback here as well. 

The Technometer is near overbought at 48.9.


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The bond market was up every so slightly, on extremely low volume.

We think bonds as well could work lower in the coming week.   

The Technometer is neutral/overbought at 46.5.


The Wyckoff Wave Metal Index was once again flat for the week, on average low volume.

Our Technometer just came off of overbought, and we look for lower in the Metals in the coming week. 

The Technometer is neutral/overbought at 46.7.


The long dollar ETF, UUP was also once again flat for last week’s trading, on extremely low volume.

We have been looking for a low down in this area recently, which we have not gotten as of yet.   The Technometer is nearing overbought, so we will be on the sidelines.  

The Technometer is near overbought with a reading of 48.0.


Bitcoin continues to add to recent sharp gains, on low volume.

We have been expecting a little lower and a recent in our Technometer to closer to oversold.   So far we have not gotten it.

Let’s still look for a pullback here, and a Technometer closer to oversold to safely reenter long trading positions.           

Our Technometer for Bitcoin is near neutral/overbought at 47.7. 


Ethereum is only slightly higher in the last week, on low volume as well.   It is underperforming Bitcoin slightly to the upside.

Here as well we are looking for a pullback as shown by the chart in the coming week.

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Click Here Our new “Pulse of The Market” charting software for Cryptocurrrencies is now showing consolidated volume from over 140+ exchanges.  This is utmost important when applying Wyckoff Technical Analysis.   We are showing this software in use on our social media sites, and will be launching for subscription in near future. 

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. Join Here

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 1029 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 Please subscribe and click the bell to be notified of our upcoming broadcasts.

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.  

Good Trading,

Todd Butterfield

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