Wyckoff Stock Market Institute

08/24/2026

📊 **WyckoffSMI Week In Review | August 23, 2026**

**Stocks Test Support As Institutional Signals Turn Constructive**

Last week, the short-term market top we warned about on August 13 played out almost exactly as expected.

SPY corrected toward the **$760 support area** we were watching—and our Technometer has now reached an **oversold 36.08**.

Now the question becomes: **Does support hold and launch the next move higher?**

This week's highlights:

📉 SPY completed the expected short-term correction
📊 QQQ triggered a **Wyckoff Backup (BU)** signal Thursday
🏦 TLT's Fed-driven rally failed—we still favor lower bond prices
🥇 Precious metals surged, but we're not chasing the rally
⚡ XLE reached new highs and remains a longer-term favorite
₿ Bitcoin & Ethereum surged on the debasement trade

📊 **Market Health Score: 57**
**Trend:** Trending Up
**Confirmation:** Strong
**Regime:** Transition / Selective Bullish

🏆 **Leadership:** GDX, IBB, ARKK
👀 **Emerging:** XLB

The correction we were looking for arrived.

**Now we're watching institutional signals to determine whether the next move is higher.**

👉 Read the full WyckoffSMI Week In Review.

https://wyckoffsmi.com/%f0%9f%93%88-wyckoff-smi-week-in-review-august-23th-2026/

📋 Market ScoreCard Symbol Trend WyckoffSMI View SPY Bullish / Testing Support Our August 13 short-term top call worked well. SPY corrected back toward prior…

08/16/2026

📊 **WyckoffSMI Week In Review | August 16, 2026**

**Stocks Reach New Highs, But Is Another Correction Brewing?**

Stocks continued their rally this week, with **SPY reaching new highs** after the bullish price/volume divergence we highlighted two weeks ago.

That divergence did exactly what we expected. Now the question is whether much of that upside has already been spent.

📈 **SPY** pushed to new highs, but we're watching closely for signs that another corrective phase could be developing.

💻 **QQQ** continued its rally but remains relatively weaker than SPY. We expect more backing and filling.

🏦 **TLT** remains under pressure. We remain short and continue looking for lower bond prices.

💵 **The U.S. Dollar** continues probing the downside, but we believe a low could still be forming around current levels.

🥇 **Precious Metals** have rallied sharply over the past two weeks. We were looking for a low but never received the entry we wanted—so we're not chasing the move.

⚡ **Energy (XLE)** delivered another strong week. We remain long and continue looking for higher prices.

₿ **Bitcoin** traded lower and remains defensive. We're staying on the sidelines while waiting for a low-risk, high-confidence entry.

📊 **Wyckoff Market Health Dashboard**
• Market Health Score: **52**
• Health: **Neutral / Improving**
• Confirmation: **Strong**
• Condition: **Stabilizing / Improving**
• Regime: **Transition / Selective Bullish**

🏆 **Current Sector Leadership**
• GDX — Gold Miners
• IGV — Software
• ARKK — Innovation / Growth

The market has improved, but **selectivity still matters**.

The bullish divergence gave us the rally. Now we'll let institutional money flow tell us whether the next move is another leg higher—or the beginning of another correction.

**We don't follow the market. We study it.**

👉 Read the full **WyckoffSMI Week In Review** for our complete market outlook.

https://wyckoffsmi.com/%f0%9f%93%88-wyckoff-smi-week-in-review-august-16th-2026/

📋 Market ScoreCard SPY Bullish / Improving Rally from our earlier buy divergence carried SPY to new highs; watching for another corrective phase. QQQ Range…

08/02/2026

Correction Continues As Early Signs Of Stabilization Begin To Emerge

Another week reinforced a familiar message: the market continues correcting, but we're beginning to see a few constructive clues beneath the surface.

📊 This week's highlights:

• SPY remains in a 10-week corrective trading range, but Wednesday's bullish price/volume divergence is worth watching.

• QQQ rebounded sharply from oversold conditions, though we don't believe a major low has been confirmed.

• TLT continued lower following the Fed meeting, reinforcing our higher interest rate outlook.

• The U.S. Dollar pulled back more than expected, but we're still watching for support and a potential move higher.

• Energy (XLE) remains one of the market's strongest leadership groups.

• Bitcoin and Ethereum continue consolidating while we wait for a high-confidence institutional buy setup.

Current institutional leadership:

📈 Financials (XLF)

📈 Health Care (XLV)

📈 Regional Banks (KRE)

The takeaway?

Not every bounce marks a bottom.

In markets like these, discipline, patience, and following institutional money matter far more than chasing short-term moves.

👉 Our full WyckoffSMI Week In Review is now available.

https://wyckoffsmi.com/%f0%9f%93%88-wyckoff-smi-week-in-review-august-2nd-2026/

We don't follow the market. We study it.

📋 Market ScoreCard Symbol Trend WyckoffSMI View SPY Range / Mixed Sideways correction continues, with a bullish price/volume divergence developing. QQQ Weakening Oversold bounce after…

07/26/2026

Correction Continues As Energy Leads And Crypto Begins To Stir

https://wyckoffsmi.com/%f0%9f%93%88-wyckoff-smi-week-in-review-july-26th-2026/

Another week reinforced what we've been discussing for several weeks: institutional money continues rotating while the broader market remains under pressure.

📊 This week's highlights:
• Stocks continued their corrective phase, with QQQ closing at its lowest level in over 10 weeks.
• TLT continued stair-stepping lower, reinforcing our higher interest rate outlook.
• The U.S. Dollar advanced as expected and we continue looking for higher prices.
• Precious metals staged a relief rally, but we're waiting for confirmation that a durable low is in place.
• Energy (XLE) continues to outperform and remains one of the market's strongest leadership groups.
• Bitcoin and Ethereum generated recent Wyckoff Backup (BU) signals, suggesting institutional accumulation may be quietly developing.

Current institutional leadership:
📈 Energy (XLE)
📈 Real Estate (XLRE)
📈 Utilities (XLU)

The message remains the same:

Stay patient. Stay selective. Follow institutional money—not emotions.

👉 Our full WyckoffSMI Week In Review is now available.

We don't follow the market. We study it.

07/12/2026

📊 WyckoffSMI Week In Review – July 12, 2026

https://wyckoffsmi.com/%f0%9f%93%88-wyckoff-smi-week-in-review-july-12th-2026/

Another week, another reminder that markets don't have to move much in price to continue correcting.

Here's what stood out this week:

📈 Stocks remained range-bound as the correction continues through time rather than price.

📉 TLT continued lower, reinforcing our outlook for higher interest rates.

💵 The U.S. Dollar appears to be completing a Wyckoff Backup (BU) before another move higher.

🥇 Precious metals weakened again and, although oversold, we continue to expect the larger downtrend to remain in place.

⚡ Energy (XLE) continued showing relative strength, and we remain constructive on the sector over the longer term.

₿ Bitcoin continues consolidating. We're staying patient while waiting for a higher-probability institutional entry.

📊 Current Leadership
✔️ Biotechnology (IBB)
✔️ Equal Weight Biotech (XBI)
✔️ Materials (XLB)

The message hasn't changed:

Stay selective. Manage risk. Follow institutional money—not emotions.

👉 Read our full WyckoffSMI Week In Review for a complete breakdown of the markets.

📋 Market ScoreCard Symbol Trend WyckoffSMI View SPY Range / Corrective Sideways consolidation continues as the market works through a correction. QQQ Range / Mixed…

06/21/2026

📊 **WyckoffSMI Week In Review – June 21, 2026**

Another week where the major indexes held up, but the story underneath the surface remains very different.

This week:

📈 Stocks moved slightly higher
💵 Dollar continued strengthening
📉 Precious metals remain under pressure
⚡ Energy pulled back but we remain bullish long term
₿ Bitcoin's overbought sell signal continues to work
📊 Market Health Score remains in a Defensive / Weakening regime

We're also seeing improving action in:
✔️ Industrials (XLI)
✔️ Regional Banks (KRE)
✔️ Biotech (XBI)
✔️ Aerospace & Defense (ITA)

The message remains simple:

Stay selective.
Manage risk.
Follow institutional money flow.

👉 Full Week In Review available now at WyckoffSMI.

https://wyckoffsmi.com/%f0%9f%93%88-wyckoff-smi-week-in-review-june-21th-2026/

📋 Market ScoreCard Symbol Trend WyckoffSMI View SPY Corrective Sideways-to-higher week, correction still underway QQQ Corrective Technology remains leadership but momentum is slowing TLT Neutral/Bearish…

05/31/2026

Technology Leads While Market Internals Continue to Deteriorate

📋 Market ScoreCard 🧮 Wyckoff Market Health Dashboard Market Health Score: 50 The Market Health Score improved slightly from last week but remains firmly inside…

05/25/2026

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05/19/2026

Markets continue pushing higher…
but institutional leadership remains narrow beneath the surface.

That’s the difference between:
❌ emotional headlines
and
✅ real market structure.

Inside this week’s WyckoffSMI ProTraders Report we break down:

✔ SPY & QQQ market structure
✔ Institutional leadership trends
✔ Relative Strength rotation
✔ Energy continuation setups
✔ Dollar & rates positioning
✔ Tactical accumulation opportunities

Current leadership remains concentrated in:
• Semiconductors (SMH)
• Technology (XLK)
• Software (IGV)
• Aerospace (ITA)

Meanwhile:
⚡ Energy continues improving
🛡 Defensive sectors are rotating higher
💵 Dollar structure remains constructive

This is NOT a broad “buy everything” market.

It’s a:
👉 selective institutional market.

We don’t guess.
We read:
• Wyckoff Structure
• Relative Strength
• Market Health
• Institutional Sponsorship

Join the WyckoffSMI ProTraders Community 👇
https://discord.com/servers/wyckoff-smi-644244174534869012

https://wyckoffsmi.com/%f0%9f%8e%af-wyckoffsmi-protraders-midweek-market-report-may-19-2026/

05/17/2026

Market Momentum Weakens As Defensive Rotation Begins Emerging

📋 Market ScoreCard 🧮 Wyckoff Market Health Dashboard Market Health Score: 46 The Market Health Score continues deteriorating and now firmly reflects a weakening environment…