The Wyckoff Wave Still Middle Of The Range

The Wyckoff Wave closed unchanged for the week on average volume.
The O-P was also unchanged for the week.
The Force Index was higher for the week.

The Technometer is registering a neutral condition.

The Wave and OP are trading in lockstep.

 
Not much to add since last week. The Wyckoff Wave continues to flop around in the middle of the recent trading range.  We had expected a deeper test of the 50,000 support level, and still feel that will come in the trading days ahead.
The Technometer is now neutral but we feel supports further weakness this week, and we will be looking for an oversold reading to once again look at long positions.
We had expected the Wave to continue higher early in the week, and Monday’s quick rally was it.  Then we trailed off the rest of the week as expected.

 
The Wyckoff Wave Growth Index (WWG) was up for the week but to previous resistance of two weeks ago.  We have a neutral Technometer and not much else to discuss.  We are looking for another pullback here

 
The bond market experienced a quick correction this past week.  We are still long and looking for a recovery in prices.
Stay long, trail stops, and look for higher prices.

 
The GDX was flat for the week after registering an oversold Technometer early in the week, and the price level of $21.50-$22 that we mentioned.  We expect higher prices.  We are long.

 
Square (SQ) traded unchanged for the week as well.  We hope for another buying opportunity in the very near future, as we think SQ can work lower from here still.

 
Caterpillar met resistance again as expected.  We would look for a correction here.
 
Shopify was down for the week, and as mentioned, we are looking for a buy entry.  Technometer is oversold so we will watch this one closely.
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.
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 949 students enroll since its launch on June 22, 2017.   On June 28th 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 Crptocurrency, search “Learn Crypto / Wyckoff SMI” or click this link https://www.youtube.com/channel/UCDxK2PwEDvoaHZgjPV_WgcA
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Good Trading,

Todd Butterfield