Wyckoff Wave Still Looking Higher…

The Wyckoff Wave traded sideways to slightly for the week.   Volume was slightly higher as well.
With the Technometer trading near neutral and the Wave holding gains, it appears the line of least resistance is still higher.   Any type of pullback should be another buying opportunity.
This image has an empty alt attribute; its file name is WW-Daily-11-7-21-1024x619.png
The Wyckoff Wave is slightly stronger than the OP.
This image has an empty alt attribute; its file name is WW-Intraday-11-7-21-1024x619.png
The Wyckoff Wave Growth index did not take any type of breather and extended recent gains.   We had stated the line of least resistance is higher, and we still believe that.    Our Technometer is overbought, so a quick correction could occur at anytime.  We would welcome a selloff to add more long positions.
Technometer is overbought at a reading of 51.21.
This image has an empty alt attribute; its file name is WWG-Daily-11-7-21-1024x619.png
The SPY closed higher every day last week, and continues to trade nicely to the upside.
The Technometer started the week neutral, which allowed further rally.  We are now back to overbought, so we could also see a small correction here of recent gains, but would probably be a chance to add to longs.
The Technometer is near neutral at a reading of 50.9.
This image has an empty alt attribute; its file name is SPY-Daily-11-7-21-1-1024x619.png
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 was down slightly for the week, before Fridays strong rally.  We was looking for this market to find resistance again, and turn lower.   The Technometer is below neutral, so we will stand aside for now.
The Technometer is below neutral, with a reading of 42.5.
This image has an empty alt attribute; its file name is TLT-Daily-11-7-21-1024x619.png
The GDX closed the week higher after catching support as expected.
Technometer is overbought with the strong rally ending the week.  We look for higher ultimately, but we could work sideways here to relieve the overbought reading, before continuing higher.
This image has an empty alt attribute; its file name is GDX-Daily-11-7-21-1024x619.png
The long dollar ETF, UUP was up slightly for the week, with continued volatility.  The Technometer is around neutral, so we are on the sidelines.  We had been warning of a possible upthrust here a month ago, and we could have just possibly had the test of the upthrust.  For now we will observe on the sidelines.
The Technometer is near neutral at a reading of 43.25.
This image has an empty alt attribute; its file name is UUP-Daily-11-7-21-1024x619.png
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 1028 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

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