Global equity markets remain within near term corrective structures, US$ strength continues and commodity markets are struggling. The US$ is king and currently driving sentiment for most asset markets. The Bears continue to shout "THE END IS NEAR" (my Twitter stream seams filled with them) and they might be right eventually but in the meantime they have been […]

So far so good as most of last week's analysis was spot on except for CL which continues to rally higher which was not expected. I am bearish the global equity indices while we remain below their respective April highs. The SPX rallied directly to my 2080 target in 3 waves and reversed lower to […]

The US equity markets found support in the 2040 area as expected and rallied nicely on Friday despite the poor NFP report. The question now is whether we completed wave 4 and now heading to new highs (black count) OR the rally is already complete and the decline was a leading diagonal wave A or […]

The key themes mentioned in last week's update continue to play out as expected. The US$ / DXI pushed down to new lows, equities reversed lower (particularly Asia and Europe) and the strong commodity theme continued (which should have been expected given the US$ weakness). This is an important week for global markets. To the […]