Wyckoff SMI Blog

Wyckoff SMI Blog

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Blog
Todd Butterfield

“Daily Pulse Of The Market” March 9, 2026. #Wyckoff

Today’s session showed constructive testing behavior across the major indices as markets attempted to stabilize after last week’s shakeout. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ) both rebounded from recent SPR/SHK lows, trying to return price toward the middle of their developing trading ranges. While neither index has confirmed a…

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Blog
Todd Butterfield

“Daily Pulse Of The Market” March 6, 2026. #Wyckoff

Markets weakened modestly today as both the S&P 500 (SPY) and Nasdaq 100 (QQQ) continued to trade within their established trading ranges. From a Wyckoff perspective, the market still appears to be in a testing phase following the recent Spring/Shakeout earlier this week, as prices moved back toward the lower portion of the range. While…

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Blog
Todd Butterfield

“Daily Pulse Of The Market” March 4, 2026. #Wyckoff

The major indexes stabilized today following yesterday’s shakeout action, with both the SPY and QQQ rebounding toward the midpoints of their respective trading ranges. The SPY continues to oscillate between established support near the recent lows and resistance in the upper portion of the range, suggesting the market remains in a lateral consolidation phase where…

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Blog
Todd Butterfield

“Daily Pulse Of The Market” March 2, 2026. #Wyckoff

The major indexes spent the session consolidating within their recent trading ranges, with both SPY and QQQ continuing to move sideways beneath overhead resistance. From a Wyckoff perspective, the market remains in a late-stage trading range environment, where demand continues to appear on dips but supply is still present near the highs. Until the indexes…

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Blog
Todd Butterfield

“Daily Pulse Of The Market” February 27, 2026. #Wyckoff

The broad market continues to trade in a sideways range following the recent advance. SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ) both remain within well-defined trading ranges after their February rebounds. Price action suggests the market is digesting prior gains with support holding near the lower end of the range while…

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Blog
Todd Butterfield

“Daily Pulse Of The Market” February 25, 2026. #Wyckoff

Markets remain pinned within well-defined trading ranges as major indexes continue building cause beneath resistance. The S&P 500 (SPY) held firm near the upper portion of its range, while the Nasdaq (QQQ) displayed modest relative strength, rebounding constructively from support. Price/volume behavior continues to suggest absorption rather than renewed distribution, keeping the intermediate bias constructive…

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Blog
Todd Butterfield

“Daily Pulse Of The Market” February 24, 2026. #Wyckoff

📌 WyckoffSMI — Day In Review February 24, 2026 The major indices continued stabilizing today, with both SPY and QQQ holding within established trading ranges following last week’s oversold Technometer readings. Price action reflects digestion rather than renewed supply, as rallies are being met with controlled backing-and-filling instead of aggressive distribution. For now, the structure…

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Blog
Todd Butterfield

“Daily Pulse Of The Market” February 23, 2026. #Wyckoff

📌 WyckoffSMI — Day In Review February 23, 2026 📍 Markets remain range-bound as the major indices continue to consolidate within well-defined trading structures. Both SPY and QQQ spent the session oscillating between support and resistance, with no decisive expansion in spread or volume. From a Wyckoff perspective, this type of price behavior reflects ongoing…

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Blog
Todd Butterfield

Buy ETH at the market.

Stock market collapsing once again, which is dragging down Crypto. Our ETH chart shows a divergence between price and volume (OP) on the daily, and

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Sell MCD at the market

  We are going to take the quick profit in McDonalds (MCD). Technometer is extreme overbought and we would expect a slowing of the rally,

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Buy MCD at the market

I am going to enter 50% partial long position in MCD at the market, current price $197.58 We will use protective sell stop at $192.35

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Raising protective sell stops!

Raising protective sell stops! On TLT lets raise the protective sell stop to $136.51.  We are overbought and not getting the quick rally we anticipated. 

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Buy TLT at the market.

We like the recent action in the TLT.  We are going to go long 50% position today, and add 50% on any weakness.  Current Price

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How we classify trends….

There are many ways to classify trends as to types or the sizes of trends.  At Wyckoff SMI we use four classifications for simplicity.  The

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