Weekend Update: April 28th, 2014 – Forest from the Trees…

by | Apr 28, 2014

Last week's price action in global equity markets was telling. The key from an EW perspective is that for the last month we have seen nothing but overlapping 3 wave moves in both directions. This is the signature of a bull market that is exhausting. Of particular note are the wedging patterns forming on the […]

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Weekend Update: April 21st, 2014 – Bears Fumble the Ball

by | Apr 21, 2014

The bears couldn't get the job done last week and fumbled the ball. The SPX held corrective support in the aforementioned 1810/15 area and rallied throughout the holiday shortened week to close back above the respective 100/50/20/10 sma's. The SPX is now back in the middle of April's range with an inside week pushing up against […]

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