The Wyckoff Wave was up slightly for the week as expected. Volume was once again below average.
The O-P was up for the week.
The Force Index was also up for the week.
The Technometer is above neutral. We could see the Wave work a little higher early in the week before rolling over.
The Wyckoff Wave and OP are moving in unison.
The Wyckoff Wave traded sideways for the week. We are looking for the Wave to turn lower and correct the recent advance. The Technometer is slightly above neutral, but not giving us a strong sell signal as of yet.
The Wyckoff Wave Growth Index (WWG) was higher again last week as mentioned.
The Technometer is now overbought so we think the rally here slows, and we turn lower for some type of correction.
The SPY finished the week higher as well. We had taken profits on longs to early, and now have entered a short SPY position as shown on the chart.
The Techometer is overbought and we think the rally slows here as well, and begins some type of correction.
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 basically flat for the week.
Our Technometer has been at oversold levels, so we expect this market to make a low here, while stocks top out.
The GDX finished the week slightly higher against our expectations.
The Technometer is extreme overbought as shown by the red circle. We are still short and looking for further weakness.
The long dollar ETF, UUP was down for the week.
The Technometer is oversold, and I think allows us to turn higher again.
The last two buy divergences as shown by the blue lines, were accompanied by oversold Technometers as marked in green, and has kept us moving higher. We have the same setup again for the third time.
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.