Wyckoff Wave Constructive Pullback, Looks Higher.

The Wyckoff Wave closed last week slightly lower, on slight increase in volume.

We was expecting the Wave to continue higher, and we still of that thinking.   Technometer has worked slightly lower, so lets look for support early in the week, and then higher once again.

The Technometer is neutral at 44.9.  


The OP and Wave are moving basically in unison, with the Wave lagging slightly on Friday.


WWN – The Wyckoff Wave New Index also closed basically unchanged, on average low volume.   

We was looking for the WWN to continue higher, which is still the case.  We are holding the high level support line, and Technometer has came down nicely to support further rally. 

The Technometer is nearing oversold at 40.5.  


The Wyckoff Wave Growth Index was down slightly for the week, on extremely low volume.

The price/volume action still looks friendly here as well.  Technometer has came off of overbought so lets look for still higher.

Currently the Techometer is neutral at 43.5.  


The SPY closed the week slightly higher on low volume. 

We are looking for higher, and will reevaluate in a few days.  Technometer is nearing overbought, but price action has been strong.

We are nearing overbought at 49.2 on the Technometer.  


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The bond market closed slightly lower for the week on average low volume.

The TLT has seen some two sided trade last week, and we think will still find support and try the upside once again.  Let’s see if we can jump the resistance at 120.

The Technometer is approaching oversold at 39.6.


The GDX traded the week unchanged on low volume.

This market is still probing for a low, but no strong indications that is occurring as of yet.  Technometer is near  overbought so probably not a strong rally out of here as of yet.   We look for higher though.

Technometer is overbought at 48.0.

The Wyckoff Wave Metal Index is trying to break its downtrend and work higher as well. 

The Technometer was more friendly here before Friday’s jump, but currently near overbought at 48.6.


The long dollar ETF, UUP closed the week higher on an increase in volume.

This market we think has topped, but it was oversold last week so we was looking for a rally.  It is still near oversold, so lets watch early in the week for a short setup.

The Technometer is near oversold with a reading of 40.6.


Bitcoin followed stocks slightly lower as well.    

We was looking for some backing/filling here which is what we got.   We think Bitcoin will dig in here with stocks, and work higher.    

Our Technometer for Bitcoin is near overbought at 48.  Some of our other Technometers for Bitcoin are not this overbought, and will support further rally.



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Click Here Our new “Pulse of The Market” charting software for Cryptocurrrencies is now showing consolidated volume from over 140+ 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 1029 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.

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Good Trading,

Todd Butterfield

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