Wyckoff Wave Holding Gains!

The Wyckoff Wave continued adding on to the gains from the recent lows.   Volume was at low levels.

I was expecting a rest here, and the Technometer to come off of overbought.   That is gradually happening, but we need a little more pullback to give us another long entry setup.

The Technometer is near overbought with a reading of 48.6.

The Wyckoff Wave Tape Reading Index (WWTR) traded sideways on low volume.

We was looking for consolidation here as well, and got that last week.   The Technometer was extreme overbought, and has came off some but still overbought.  We think this is bullish price action up at these levels.

Technometer is overbought with a reading of 51.38.

The OP is leading the WWTR Index, which is giving us the overbought Technometer.  

The Wyckoff Wave Growth Index traded higher last week.  Volume here was once again average. 

We would like to see some backing and filling here, and a Technometer back near neutral.   Otherwise, the recent price action appears bullish.  

Technometer is overbought with a reading of 52.4.  

The SPY closed the week higher, on lower volume. 

We are looking for higher, and the SPY continues to add to gains.    We would like to see some consolidation here, to give us a chance to add to long positions.   The Technometer has came off some with price extending recent gains.  This is bullish action.  

The Technometer is near overbought with a reading of 49.8.

If you want more current up to the minute updates and trades as shown above, please join our ProTraders/Private Stock Discord.  Join Here

If you are a Crypto Discord Member, and would like the ProTraders/Private Stock Discord as well, you can have access for only $20 a month.   Join Here

The bond market closed lower for the week once again.  We still think this market can spring the recent lows, and work higher.   Our indicators have not given us much help here for a few months.

The Technometer is at neutral with a reading of 43.27.

The GDX closed the week slightly higher, on low volume.

We have been friendly the Metals market recently, but was expecting sideways after last week’s buying climax.   We still expect more sideways, here and a possible long entry soon.  

Technometer is near overbought with a reading of 49.68.

The long dollar ETF, UUP closed up last week, on extremely low volume. 

We have leaned bearish the Dollar, but the Russia news has kept a strong bid here for prices.   We are on sidelines but want to be short. 

The Technometer is neutral with a reading of 45.7.

Bitcoin worked higher last week as well.   Volume has been low/average.

We have shown bullish intermediate divergences in blue, and we have stayed bullish on Bitcoin. 

With stocks looking sideways to down possibly short term, we expect Bitcoin to probably do the same.   But we look for higher prices still.

Our Technometer for Bitcoin is nearing overbought with a reading of 47.7.

ATOM – Atom was up slightly for the week on low volume.

We have the continued bullish divergences as show in blue, and continued oversold Technometer readings.

Technometer is at 38.7, and previous readings around 40.80 have given us good buy zones.


We have just released a lower cost version of our Unleashed Course, which is an excellent value at $349.99.  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.    

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 Twi

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