Wyckoff Wave Working Towards Support At Bottom Of Range.

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave was down for the week.  Volume is still at extremely low levels.

The O-P was down for the week.

The Force Index was down for the week.

We was looking for continued sideways action, which is what we are getting.

The Technometer is now nearing oversold, so appears we will find support at the bottom of the recent trading range.

We expect a bounce early in the week….

The Wave and OP are trading in harmony.

In the larger picture we continue to see range bound trading.  For the time being, it appears we can expect still more.

The Technometer is working towards oversold so we expect the support off of the “AR” will hold for now.

The Wyckoff Wave Growth Index (WWG) was down for the week as expected.  Volume picked up slightly on the selloff.

We are on the sidelines looking for still lower, to reestablish some stock positions.

Technometer is neutral/overbought, and we would expect still lower in this correction.

The SPY finished the week with a four day selloff.   Here as well we expect the correction to reach lower.

Technometer is near neutral, and allows for lower price action.

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 up for the week, after our Technometer neared friendly readings on Tuesday.

Our Technometer is now back to overbought, so I expect another correction and more sideways action.

The GDX finished the week down slightly.

Technometer is nearing ovesold again, but we are short and expecting more downside price action.

The long dollar ETF, UUP was up for the week as expected.

The Technometer is back to neutral, but we expect the dollar to get above the recent highs of last two weeks, then probably work sideways to lower and correct recent advance.

IMPORTANT ANNOUNCEMENT: 

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 1026 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

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.