We are going short the UUP at the market, current price $26.66. We would use a buy stop at the high of $26.80.
Looks like we have tested an upthrust and ready for lower prices.
We are going long the UDN at the market, current price $20.48. We would use sell stop at the low of $20.32
Looks like we have tested a spring and ready for higher prices.
The Wyckoff Wave closed the week down sharply, on low volume. For the last week and a half, the Wave had met resistance at its…
The Wyckoff Wave spent last week continuing to subdivide lower. Volume increased on the selloff. I was wanting a slightly more oversold Technometer before entering…
The Wyckoff Wave closed the week only slightly higher, on low volume. We had expected the Wave to meet resistance at the previous support area,…
The Wyckoff Wave closed the week down again, on an increase in volume. We was hoping that prices would try to hold early in the…
The Wyckoff Wave closed the week sharply higher, on much lower volume. The Technometer is extreme overbought. We closed strongly higher Wednesday/Thursday/Friday to end the…
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