Wyckoff Wave Gave Us Nice Buy At The Low.

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was up for the week as expected.  Volume was below average.

The O-P was down for the week.

The Force Index was also down for the week.

The Technometer is neutral.

This image has an empty alt attribute; its file name is WW-Daily-3-28-21-1024x619.png

The Optimism Pessimism Index is underperforming the Wyckoff Wave on the rally.

This image has an empty alt attribute; its file name is WW-intraday-3-28-21-1024x619.png

The Wyckoff Wave was higher for the week as expected.  We was expecting lower for the week, but on Thursday our Technometer gave us the buy signal we was looking for and turned the market around.

The oversold Technometer got us a nice rally to end the week.  We are now at neutral so we expect new highs for this move. This image has an empty alt attribute; its file name is WW-Longer-Term-3-28-21-1024x619.png

The Wyckoff Wave Growth Index (WWG) was slightly lower last week.

The Technometer is nearing oversold so we expect the WWG to rally in conjunction with the Wyckoff Wave.

This image has an empty alt attribute; its file name is WWG-Daily-3-28-21-1024x619.png

The SPY finished the week higher, after being lower early in the week as expected.

We began the week moving lower as we had called for because of the near overbought Technometer.  The Technometer then registered an oversold reading Wednesday/Thursday and gave us a buy signal.   We are now at neutral so we expect higher prices this week.

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

This image has an empty alt attribute; its file name is SPY-Daily-3-28-21-1024x619.png

The bond market was slightly higher for the week.

Our Technometer registered an extreme overbought reading on Thursday, but we felt like this was more caused by strong buying as shown by the OP reading.  We think we could still push a little higher before getting a sell signal.  We are still long with losses.

This image has an empty alt attribute; its file name is TLT-Daily-3-28-21-1024x619.png

The GDX finished the week lower as expected.

The Technometer was overbought as shown by the red circle, and turned the market lower.   We are still short and looking for further weakness.

This image has an empty alt attribute; its file name is GDX-Daily-3-28-21-1024x619.png

The long dollar ETF, UUP was up nicely for the week as we overcome the resistance as expected.

The Technometer is now at 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.

This image has an empty alt attribute; its file name is UUP-Daily-3-28-21-1024x619.png

IMPORTANT ANNOUNCEMENT: 

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

Leave a Reply

Your email address will not be published. Required fields are marked *

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