The Wyckoff Wave was down for the week as expected. Volume was average.
The O-P was down for the week.
The Force Index was up for the week.
The Technometer is neutral.
The Optimism Pessimism Index and the Wyckoff Wave are trading in unison.
The Wyckoff Wave was lower for the week as expected. It appears all markets have rolled over and we are looking for still lower.
The overbought Technometer stopped the rally as expected, and now we are looking for more downside price action. Technometer is neutral.
The Wyckoff Wave Growth Index (WWG) was slightly higher last week as expected.
The Technometer has been near oversold and we expected a little more to the upside before this market was to turn lower. We are still of that opinion, but expecting surprises to the downside.
The SPY finished the week lower as well.
The Technometer was near oversold and did recover to approximately 46 last week. That was probably enough to keep this market now working lower.
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
The bond market was down once again for the week and made another new low for the move.
Our Technometer has not gotten friendly on any of the decline, so we do not get a sustained rally. We still think stocks can work lower, and bonds recover some recent losses.
The GDX finished the week up slightly again.
Technometer is back to near overbought once again. We are still short and looking for further weakness.
The long dollar ETF, UUP was sideways for the week, as we are trying to work thru resistance at the previous support level.
The Technometer is near oversold as marked in green, so we think we can continue to trade higher.
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.