The Wyckoff Wave Still Looks Lower In The Coming Week, To Possibly Test 63,000.

The Wyckoff Wave traded lower for the week, on low volume.

We was looking for lower, and got just that.  It appears we still have lower objectives this week. 

Let’s look for stocks that are holding up and looking good for purchase.

The Technometer is neutral at 42.7.  


The slight bearish divergence I spoke of last week, kept prices moving lower.   The Wave and OP are in unison currently. 


WWN – The Wyckoff Wave New Index also was lower last week, on low volume.

The WWN rolled over as expected, but lets look for still lower this week. 

Currently the Technometer is neutral at 43.8. 


The Wyckoff Wave Growth Index traded slightly lower for the week, on low volume. 

Let’s look for further weakness this coming week.  

Currently the Techometer is neutral at 46.5.  


The SPY also finished the week lower, on average volume.

We will work for further weakness here as well coming into the new week.     

The Technometer is neutral at 43.3.


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The bond market as shown by the TLT, was down for the week, on average volume.

We was looking for a more meaningful test of the recent lows last week, and we got that. 

We did reach oversold on Thursday, so lets look for a rally to 97+ on this ETF. 

The Technometer is oversold at 36.4.


The Wyckoff Wave Metal Index was down for the week, on extremely low volume.   

Indicators were neutral last week, but now are favorable. Appears we tested the previous low, and can try the upside again here.

The GDX, called the August low with an oversold Technometer, and also the recent high 7-8 days ago.  It came back to oversold once again, so lets look for a return to upside price action.       

The WWM Technometer is neutral at 37.9.


The long dollar ETF, UUP was  up again for the week, continuing its rally on low volume.

We are above the previous six months resistance, but are not comfortable with a position here.   We will stay on the sidelines. 

The Technometer is overbought at 55.0.


Bitcoin’s once again quietly sideways.  Volume continues to be low here. 

We are still on the sidelines and looking for slightly lower.  We sold $29,100 and patiently waiting to reestablish at lower levels. 

Our Technometers are near neutral, and we would like to see something closer to oversold to reenter positions.  

Technometer is near neutral at 45.0.



Ethereum price action was the same as Bitcoin.  

We are still on the sidelines looking for a low risk buy setup.  We sold $1,831, and looking for reentry.

Technometer is neutral at 43.3.


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Good Trading,

Todd Butterfield

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