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 …

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 …

The Wyckoff Wave Still at Bottom Of Recent Range

Todd Butterfield Week In Review 0 Comments

This past week the Wyckoff Wave traded mostly sideways with the exception of Tuesdays wide spread up and down.  We ended the weak slightly lower after all the trading had ended.  On Tuesday we once again experienced what could be a possible spring, but the action since then has been repeated a few times in the last few weeks.  After the spring, we get no strong follow through, and volume does not support the positive …

The Wyckoff Wave Stuck at Bottom Of Recent Range

Todd Butterfield Week In Review 0 Comments

This past week the Wyckoff Wave mostly sideways with some weakness into Friday’s close.  Again, not the type of action we would expect after a successful test of a spring, so recent action is discouraging for the bulls.   The tests were not of high quality as volume has actually increased on the tests.  So this leaves us vulnerable to a breakout to the downside.   Volume was slightly higher for the week. The Technometer began the …

The Wyckoff Wave Still Trading Near Bottom Of Recent Range

Todd Butterfield Week In Review 0 Comments

This past week the Wyckoff Wave traded lower on Monday to continue testing the previous spring position.  It then rallied strongly Tuesday, but then spent the rest of the week trading sideways.  Not the type of action we would expect after a successful test of a spring.   The test was not of high quality as volume was not decreased versus the spring, so maybe we will test the low a few more days before experiencing …

The Wyckoff Wave Still Holding Support At Bottom Of The Recent Range

Todd Butterfield Week In Review 0 Comments

This past week the Wyckoff Wave traded both sides of unchanged and finished the week with a sharp correction.  The deeply oversold Technometer and the support of 51,000 has lead to the recent sideways trading.  We would have liked to seen more strength off of these indications, so we are concerned with the coming weeks trading.  Volume was slightly lower for the week. The Technometer began the week at slightly below neutral levels, and finished …

The Wyckoff Wave Found Support At Bottom Of Range

Todd Butterfield Week In Review 0 Comments

Hope Everyone had  a Safe and Enjoyable Easter!! If you are interested in purchasing our Cryptocurrency and Wyckoff Course at LearnCrypto.io – please use code “easter” to receive $75 dollars  off the stated $299 price. This past week the Wyckoff Wave started the week trading higher as expected.  This was off of the indications of the previous support at 51,000, and a deeply oversold Technometer.  We only managed to trade sideways thus far, after experiencing …

The Wyckoff Wave Leaves Apex to the Downside

Todd Butterfield Week In Review 0 Comments

This past week the Wyckoff Wave started the week trading higher as expected.  Then we had a rally that failed Wednesday as the Technometer was getting close to overbought again.  This was a possible warning that the rally was not on a strong foundation.   Sharp selling came in Thursday morning with continued selling Friday.   Volume was slightly higher for the week. The Technometer began the week at neutral levels, and finished the week oversold. For …

The Wyckoff Wave Still Trading Range Bound

Todd Butterfield Week In Review 0 Comments

This past week the Wyckoff Wave started the week trading slightly higher, then had sharp selloff into Thursday.  It then rallied slightly Thursday/Friday to end the week lower.   Volume was at recent levels except for the sharp increase for Friday expiration. The Technometer began the week at overbought levels, and finished the week near neutral. For the week the S&P was down 1.24%, and the Nasdaq 1.04%.   The Wave is continuing to trade with …