The Wyckoff Wave was down for the week, after springing a previous short term support level as shown on first chart with blue dashed line.
The response to the spring was positive, but we will need to see more upside follow thru starting this week. We will then look to buy more on a test of the spring.
The Technometer was oversold on Thursday and we did enter stocks at that time due to this reading and the spring.
The Wyckoff Wave Growth Index (WWG) was flat for the week.
The Technometer is nearing neutral/overbought but this market has outperformed to the upside and will probably continue.
The SPY finished the week lower, but also had nice recovery on Thursday.
The Technometer was oversold and at constructive levels for the bulls to have a chance to take us still higher.
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The bond market closed higher for the week.
Our Technometer is still hugging overbought, and we are looking for a short sell for lower prices ahead.
The GDX finished the week higher once again with a relentless rally the last two months.
The Technometer started the week back near neutral and allowed us to continue higher last week. We are still on the sidelines.
Not much to add here, as mirrors the GDX.
The long dollar ETF, UUP was up slightly for the week.
This market has gone no where for weeks. We are wanting to enter a long here and we have an oversold Technometer. We will watch closely this week.
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.
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