The Wyckoff Wave closed down every so slightly, on low volume.
We still expect further strength in the coming week, until the Technometer gets to more clearly overbought.
The Technometer is currently at 48.9.
The OP is leading the Wave, which is what is taking the Technometer to near overbought.
WWN – The Wyckoff Wave New Index closed a hair higher, on low volume.
We still look for more strength as the Technometer is neutral.
Currently the Technometer is neutral at 44.6.
The Wyckoff Wave Growth Index was down slightly for the week, on lower volume.
Growth stocks are still underperforming here, but we think this market could still try higher before a deeper correction.
Currently the Techometer is neutral at 45.4.
The SPY was also down slightly for the week, on lower volume.
We look for still higher as the Technometer is neutral at 43.1.
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The bond market has a positive week as expected, on an increase in volume.
Technometer is now extreme overbought at 54.7, so lets look for a pullback.
The Wyckoff Wave Metal Index corrected its recent gains last week, on lower volume.
This market appears to be backing up to previous resistance. This market could still work higher from here.
The Technometer is neutral at 45.7.
The long dollar ETF, UUP was up slightly, on average volume.
We still look for lower in the Dollar here.
The Technometer is near neutral with a reading of 45.9.
Bitcoin has been trading quietly sideways, after the previous weeks sharp selloff, on much lower volume.
We need this market to test the previous low at $15,500 and turn quickly higher.
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