The Wyckoff Wave Oversold on the Technometer

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave experienced a slight selloff in the latter part of the week.  We had mentioned if this occurred the Technometer would become oversold and give us another opportunity to rally.   It did just that and began to rally off of Friday’s intraday low.  Volume was higher on the selloff due to the Fed speak. The O-P has been slightly weaker than the Wave on last weeks rally, as well as the selloff into …

The Wyckoff Wave still trading near overbought line of uptrend…

Todd Butterfield Week In Review 0 Comments

WE ARE CONTINUING TO HAVE CHARTING ISSUES.  WE NORMALLY RELEASE THESE “WEEK IN REVIEWS” ON SUNDAY EVENINGS.  HOPEFULLY WE WILL GET BACK TO NORMAL SCHEDULE.   The Wyckoff Wave has continued to try and reach the overbought line of the recent uptrend as mentioned on our last update.   Volume has been average to slightly lower on this rally. The recent action still appears positive.  Anymore selloff in the Wave and the Technometer will probably once …

The Wyckoff Wave headed to overbought line of uptrend…

Todd Butterfield Week In Review 0 Comments

WE APOLOGIZE FOR THE LACK OF UPDATES RECENTLY.  WE HAD SOFTWARE API ISSUES WHICH ARE NOW FIXED….. The Wyckoff Wave had a slight pullback last week and gave us a good entry point as marked on the following Daily chart.  Volume has been slightly lower on this rally since bottoming out at the blue circle. The Technometer began the week at oversold levels, which has allowed the rally of the last four days.  This is …

Cryptocurrencies & Wyckoff Course

Todd Butterfield Blog 0 Comments

Over the last 12 months we have been offering a Cryptocurrencies & Wyckoff Online Course over at http://LearnCrypto.io This course is a shortened version of our Wyckoff Unleashed Stock Course and we would highly recommend it if you are in, or thinking of trading Cryptocurrencies. We also talk about Crypto’s Mon-Thurs 6:30 CST, and also give quick Technical Analysis Updates on most days as well.  We are trying to launch software with consolidated volume, as there …

The Wyckoff Wave Needing To Test The Lows Again?

Todd Butterfield Week In Review 0 Comments

This past week the Wyckoff Wave continued its slow advance as expected.   Volume was slightly lower for the week. The Technometer began the week near oversold levels, and finished at an overbought reading. For the week the S&P was up 2.36%, and the Nasdaq 2.68%.   Thus far the Wyckoff Wave is still hovering near the support of 51,000 but gave itself a little breathing room this week.  Last weeks oversold Technometer gave us the …

The Wyckoff Wave Hugging Support at 51,000

Todd Butterfield Week In Review 0 Comments

This past week the Wyckoff Wave traded slightly minus after being down sharply for the week early Thursday.  It then staged a quick rally to end the week modestly lower.    Volume was slightly lower for the week. The Technometer began the week at near overbought levels, and finished nearing oversold levels. For the week the S&P was down a very small .33%, and the Nasdaq up 1.3%.   Thus far the Wyckoff Wave is …

Buy TLT at Mondays opening to cover our shorts as well as enter a long position.

Todd Butterfield Blog 0 Comments

The TLT chart is interesting for Monday. You can see by the blue arrows that the OP and Force have trended down in the last week but price has held firmly.  You can also see by the blue circle that the Technometer is now oversold. I would think these conditions would lead to a rally this week.  We want to cover our short position from $125.08 taken on 8/7/17 at the market, as well as …