Market Update: May 19th, 2015 – Patience Rewarded

by | May 19, 2015

The SPX and DJIA FINALLY made the new cycle highs that I have been patiently awaiting. With minimum conditions met for a potential top of an Ending Diagonal, we can now start looking for signs of a bearish reversal. Remember, the SPX/DJIA has only met the MINIMUM conditions for a potential top and while measured targets remain in […]

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Weekend Market Update: May 11th, 2015 – Still Waiting redux

by | May 11, 2015

Equity markets continue to be range bound in 2015. I am looking for a push to new highs in the SPX/DJIA to potentially complete the overlapping rising wedge (ending diagonal) and set up a good R/R shorting opportunity. I patiently await signs of a tradable top. The SPX near term chart still targets new highs in the 2140-60 […]

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Weekend Market Update: May 4th, 2015 – Still Waiting

by | May 2, 2015

Last week, the SPX/DJIA held key trend support in its upward rising wedge. Expectations remain for a push to new ATH's and test of the upper trend line for a potential completion to this 3rd wave rally. We are looking for signs of a major tradable top here but would like to see both SPX and DJIA […]

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