The Wyckoff Wave Still Extending Its Gains

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave up ever so slight for the week.  Volume was at recent levels.

The O-P was up for the week.

The Force Index was up for the week.

The Technometer is at neutral.

 

The OP and Wyckoff Wave are trading in unison.

 

The Wyckoff Wave traded up for the week as expected.   Technometer neutral and no glaring divergences between price/OP, so it appears we can still work higher.

Would probably tighten up protective sell stops, as we would think at some point soon we will correct the recent strong advance.

 

The Wyckoff Wave Growth Index (WWG) traded higher as well, and continuing its upside outperformance.

Technometer did reach overbought here, but we have continued higher with the other markets.

 

The SPY finished the week higher as well.  Plenty of room in the purple uptrend to continue this rally.  Technometer is neutral as well.

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 higher for the week.

Our Technometer was overbought as marked by the red arrows.

Friday, TLT saw a nice reversal and it appears this market has topped for the time being.  We would try to enter shorts, if you have not.

 

The GDX finished the week higher once again.

We were at extreme overbought on the Technometer, but since we have backed off to just above neutral.  The purple uptrend looks like it could give away this week.  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 GDXJ is back at is creek it fell thru, and looks like it met so met some resistance.  The junior miners look much weaker than GDX…

 

The long dollar ETF, UUP was 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

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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

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