Wyckoff Wave Close To Short Term Top?

The Wyckoff Wave was up for the week as expected.  Volume was below average headed into the Holiday weekend.
The O-P was flat for the week.
The Force Index was also down for the week.
The Technometer is above neutral.  We could see the Wave work a little higher early in the week before rolling over.

The Wyckoff Wave Growth Index (WWG) was higher last week as well.
The Technometer is slightly above neutral so we could see the WWG rally slightly higher early in the week.

The SPY finished the week higher as well.
The SPY rallied for the week and now has the Techometer nearing overbought.   We expect this market to make a top maybe as early as Monday’s open.
If you want more current up to the minute updates and trades as shown above, please join our ProTraders/Private Discord.  Join Here
If you are a Crypto Discord Member, and would like the Stock Discord as well, you can have access for only $20 a month.   Join Here

The bond market was basically flat for the week.
Our Technometer is now back at extreme oversold, so we expect this market to make a low here, while stocks top out.

The GDX finished the week higher against our expectations.
The Technometer is extreme overbought as shown by the red circle.   We are still short and looking for further weakness.

The long dollar ETF, UUP was flat for the week, and holding recent gains.
The Technometer is neutral, and I think allows us to still work a little higher.
The last two buy divergences as shown by the blue lines, were accompanied by oversold Technometers as marked in green, and has kept us moving higher.

We have just released a lower cost version of our Unleashed Course, which is an excellent value at $349.99.  Click Here
Are new “Pulse of The Market” charting software for Cryptocurrrencies is now showing consolidated volume from over 100+ exchanges.  This is utmost important when applying Wyckoff Technical Analysis.   We are showing this software in use on our social media sites, and will be launching for subscription in near future. 
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. Join Here
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 1025 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.    
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