The Wyckoff Wave Correcting From Top of Trend Channel

Todd Butterfield Week In Review 0 Comments

This past week the Wyckoff Wave experienced a slight downtown in prices.  Volume was comparable to last weeks. The Technometer is now trading back below neutral levels. The S&P and Nasdaq was both down approximately .20% for the week.   The Wave rallied tried to rally early in the week, but as expected, the overbought Technometer kept a lid on the rally.  The O-P failed to rally early in the week with the Wave (you …

The Wyckoff Wave Still Locked In a Narrow Range

Todd Butterfield Week In Review 0 Comments

This past week the Wyckoff Wave experienced very little price movement.  Volume was also much lower this week when compared to the previous week. The Technometer is now trading close to overbought levels. The S&P was up .23%, and the Nasdaq was up over .93% for the week. The Wave rallied slightly into Thursday but could not continue higher, and closed slightly lower on Friday.    The O-P trended higher for the week and brought …

The Wyckoff Wave finally pulls back from overbought line of uptrend….

Todd Butterfield Week In Review 0 Comments

This past week the Wyckoff Wave experienced some volatility to the downside, but did not give us much of the previous weeks gains.  Volume was much higher this week then previous weeks. The Technometer is now trading at oversold levels. The S&P was up .23%, and the Nasdaq was up over 1.09% for the week. The Wave spent Monday-Wednesday rolling over and reacting slightly.   Then traded sideways late in the week.  The O-P made new …

The Wyckoff Wave hugging the top of its uptrend channel…

Todd Butterfield Week In Review 0 Comments

This past week the Wyckoff Wave spent another week digesting gains and adding to them.  Volume was slightly lower early in the week while having the highest volume Friday then we have seen in months.  GE had strong volume Friday which accounted for most of it. The Technometer is now trading at overbought levels once again. The S&P was up .86%, and the Nasdaq was up over .36% for the week. The Wave spent Monday-Tuesday …

The Wyckoff Wave still at the top of its uptrend channel…

Todd Butterfield Week In Review 0 Comments

This past week the Wyckoff Wave spent another week digesting gains and slighting adding to them.  Volume was slightly elevated this week. The Technometer is now trading at neutral levels once again. The S&P was up .13%, and the Nasdaq was up over .21% for the week.   The Wave spent the week trading in narrow range and volume was slightly higher but nothing worth noting.  The O-P has slowed its ascent and turning lower. …

The Wyckoff Wave overbought at the top of its trend channel…

Todd Butterfield Week In Review 0 Comments

This past week the Wyckoff Wave spent another week digesting gains and slighting adding to them.  Volume was once again just average for the week. The Technometer is now trading at extreme overbought. The S&P was up 1.19%, and the Nasdaq was up over 1.46% for the week.   The Wave spent the week trading in a somewhat narrow range and volume was nothing exciting again.  The O-P has continued to rally which has kept …

The Wyckoff Wave digesting its gains…

Todd Butterfield Week In Review 0 Comments

This past week the Wyckoff Wave spent the week digesting the gains of the previous weeks.  Volume was average for the week. The Technometer is trading at neutral. The S&P was up .68%, and the Nasdaq was up over 1% for the week.   The Wave spent the week trading in a very narrow range and volume was flat.  The O-P rallied slightly for the week. The Force Index was lower for the week once …

The Wyckoff Wave adds to its gains…

Todd Butterfield Week In Review 0 Comments

This past week the Wyckoff Wave continued its gains of the previous week.  Volume was steady all week to slightly lower. The Technometer is now back to neutral. The S&P was basically flat, and the Nasdaq was down .35% for the week.   The Wave spent the early part of the week extending its gains and then spent the last half digesting them.  The O-P once again did not support the rally early in the …