The Wyckoff Wave Sideways

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was down slighty for the week.  Volume was at slightly lower levels.

The O-P was also down for the week.

The Force Index was flat for the week.

The Technometer is at neutral.

 

The OP is slightly stronger than the Wyckoff Wave.

 

The Wyckoff Wave traded lower for the week.   Technometer is still neutral and no glaring divergences between price/OP, so it appears we can still work higher from here.

The Wave has formed an apex here while volume has decreased somewhat.

 

The Wyckoff Wave Growth Index (WWG) was flat for the week, and continuing its upside outperformance.

Technometer is nearing neutral once again, so appears we can see some more upside here as well.

 

The SPY finished the week lower.  The purple uptrend was weakened but we finished near the highs Friday.

Technometer is  below neutral and would support further rally.

If you want more current up to the minute updates, please join our ProTraders/Private Discord.  We are still long a few individual stocks here.  Join Here

 

The bond market closed slightly higher for the week.

Our Technometer is once again overbought as marked by the red arrows.

We have not entered shorts as of yet, but watching for opportune time.

 

The GDX finished the week higher once again.

We are still overbought on the Technometer, but the uptrend has still held our price action.

We have been bearish on these markets intermediate term, and still in that camp.

We want to be short but will monitor in days ahead for most opportune time/price to enter.

 

The junior miners still look much weaker than GDX…

The long dollar ETF, UUP was once again basically flat for the week.

We wanted to see some more testing on the downside for our backup, and with our Technometer neutral we are on the sidelines.

 

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. 

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.  https://www.patreon.com/LearnCrypto

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 1016 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 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 “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

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.