Wyckoff Wave Trading In A Narrow Range.

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

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

The Wyckoff Wave closed slightly lower for the week as we expected.  The selloff still looks corrective in nature and no major sell volume.  The Wyckoff Wave is still trying to correct back to the creek, and could continue its recent gains after successful test.
Our Technometer is near oversold.  This looks like bullish action and we continue to look for more stocks to buy in the coming week, especially if Technometer will register oversold.

Charts on a few ProTraders positions.
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.  It is holding its gains and looks higher.

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 Growth Index (WWG) ended the week slightly lower.  We thought we would see a little more correction, but so far holding at higher levels.
The Technometer is deeply oversold.

The SPY finished the week unchanged.
The Technometer was oversold and now neutral.  If we have completed a backup we need to see price respond to the upside aggressively here.
If you want more current up to the minute updates and trades, please join our ProTraders/Private Discord.  Join Here

The bond market was up slightly for the week, after a selloff on Thursday that sprung the previous days.
The Technometer was oversold last week and we only moved sideways.  We thought we could see some further gains here, but for now we are still on the sidelines.

The GDX finished slightly lower for the week as expected.
We had an overbought Technometer last week, now we are nearing oversold.  We really want to see this market move lower here, or we could possibly cover shorts and stand aside.

GDXJ looking the same…

The long dollar ETF, UUP was up for the week.
We are looking for a spring/test here and further upside.  We will monitor….

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 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
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