Wyckoff Wave Still Holding Gains.

The Wyckoff Wave was down slightly for the week.  Volume was average.
The O-P was down for the week.
The Force Index was down for the week.
The Technometer is nearing oversold.

The Optimism Pessimism Index and the Wyckoff Wave are trading in unison.

The Wyckoff Wave closed lower for the week as we expected.  So far the selloff is still very limited and looks corrective in nature.
Our Technometer is near oversold.  This looks like bullish action and we could be looking for more stocks to buy in the coming week.  We have added more positions for our ProTraders as shown below.
KEYS we purchased as you can see the OP was downtrending and price was holding, while the Technometer registered oversold.  This position has responded well and appears more to go to the upside.

PAGS also had the OP work lower while the stock was making a backup to the creek while an oversold Technometer reading.  This one took off which is normal action after a backup to the creek.

MSFT has had two times recently of the OP making new lows while price holds as marked by blue arrows.  Also the oversold Technometer…

The Wyckoff Wave is also trying to correct back to the creek, and could continue its recent gains after successful test.

The Wyckoff Wave Growth Index (WWG) ended the week slightly higher.  We thought we would see a slight correction, but so far holding at higher levels
Technometer is deeply oversold, but the huge selling late Friday was from the TSLA rebalancing.  Otherwise, the Technometer was still coming down to near oversold.

The SPY finished the week slightly higher.
The Technometer was neutral and now oversold.  This is bullish action up here at the highs.   We will look to add more long positions to our portfolio.
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The bond market was down last week as we expected.
The the Technometer was extreme overbought last week but has now declined considerably and nearing oversold again.  This appears to be bullish action.
We will be on the look out for a buy entry here.

The GDX finished higher for the week, against our expectations
We had an oversold Technometer which warned of us a possible rally.  We are still short and our Technometer is now back to near overbought.

GDXJ looking the same…

The long dollar ETF, UUP continues hitting new lows for the move.
The long dollar ETF continues to fall as any rally brings out no volume.
We are still looking for a reversal from these low levels.

IMPORTANT ANNOUNCEMENT: 
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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 1023 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
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Good Trading,

Todd Butterfield