Wyckoff Wave Buying Climax?

The Wyckoff Wave was sharply higher for the week.  Volume was slightly higher.
The O-P was up for the week.
The Force Index was up for the week.
The Technometer is extreme overbought.


The OP and Wyckoff Wave are in unison.

The Wyckoff Wave was up for the week and continued its pattern of gains.
The Technometer is now extreme overbought and Friday could have been a buying climax.  We had a nice increase in volume and a close middle of the range.  We are still of the opinion that this rally has ran its course.
We would expect a turn down from these levels.  
The Wyckoff Wave Growth Index (WWG) was up for the week, and underperforming for the week.
The Technometer is also overbought, and we expect this market to turn lower as well.

The SPY finished the week higher with the rest of the general market.
The Technometer is also extreme overbought, and we expect lower.
If you want more current up to the minute updates, please join our ProTraders/Private Discord.
We entered a couple short positions last week.  Join Here

The bond market closed sharply lower for the week.
Our Technometer relieved its oversold condition on Tuesday and allowed for further weakness.  Fridays’ action could have been a selling climax.
We would expect the TLT to work higher as stocks work lower.

The GDX finished the week lower.
The Technometer is neutral and price action on Friday has us leaning to a bounce next week.

The long dollar ETF, UUP was down for the week again.
Volume increased late in the week, and this market could be ready to turn up finally.

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. 
We have an active Discord channel where we discuss the Crypto markets.  We have had huge success and if you trade Bitcoin you might like monthly access at $40 a month.  https://www.patreon.com/LearnCrypto
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 1020 students enroll since its launch on June 22, 2017.   On June 28th, 2018 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 Cryptocurrency, search “Learn Crypto / Wyckoff SMI” or click this link https://www.youtube.com/channel/UCDxK2PwEDvoaHZgjPV_WgcA
Please subscribe and click the bell to be notified of our upcoming broadcasts.  
Our current schedule is Monday-Thursday approximately 6:30 p.m. CST, and they usually last approximately one hour.  We will also broadcast at additional random times since we want to satisfy our international subscribers as well.  
If you would also like to follow us on twitter for news and trade ideas, follow “WyckoffonStocks”, “LearnCryptoShow”, or “WyckoffonCrypto”.   We have given numerous profitable trades to our subscribers on the Youtube channel, as well as Twitter.  
Good Trading,

Todd Butterfield

Related Articles


This site uses Akismet to reduce spam. Learn how your comment data is processed.

ProTraders Announcement​

We moved our two subscriptions to a Discord channel

Now you can Join us on Discord Channel