Wyckoff Wave Ready To Turn Lower?

The Wyckoff Wave was up slightly for the week.  Volume was lower.
The O-P was also for the week.
The Force Index was up for the week.
The Technometer is overbought.

The Optimism Pessimism Index and Wyckoff Wave are moving in unison.

The Wyckoff Wave’s was higher for  the week as expected.  We are still expecting a short term top soon.  Volume has not been supportive of the recent move up in our general market indices.
Our Technometer is near overbought so we expect a short term high soon.

Charts on a few ProTraders positions.
At our BUY marking, PAGS 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.
Last week PAGS traded higher once again as expected.  We are at new highs but still expecting to take profits soon.

TRIP closed near the highs but has slowed its ascent.  We will be looking to take profits soon.

The Wyckoff Wave Growth Index (WWG) was lower last week as some selling came into the some of the growth names.
The Technometer is at overbought levels, so we still think this market is tired.

The SPY finished the week higher as well.
The Technometer is extreme overbought, and warning of an impending correction.
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The bond market was down once again for the week with new lows for the move.
Our Technometer is still not oversold so we expect some more selling before looking for a bounce.

The GDX finished the up ever so slight.
We are short and was expecting a sharp markdown from here.  The Technometer was oversold, and has now returned to overbought as marked by the blue circle.  Let’s see if this market can rollover again now.

The long dollar ETF, UUP was down for the week.
The Technometer is near neutral, and we have mixed feelings here.  We still expect a large bounce soon, but we might see a minor new low before that occurs.

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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. 
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Good Trading,

Todd Butterfield