ES NQ Update

by | Apr 9, 2018

ES failure to push higher towards our sell zone as per the latest update complicates matters. Either we are in a complex wave (b) which holds support then rallies up in wave (c) of 2 as per the update OR we just puke directly from here targeting new cycle lows towards 2450-60. Triangles are usually […]

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MCP Market Update: April 9th, 2018 – The right to arm Bears

by | Apr 9, 2018

This week's report focuses on the potential for a near term stock market bear - I am not discounting the bullish potential while support holds - I am just seeing an interesting setup. Last week we saw some wild gyrations in global equity markets but importantly, the key support levels we highlighted for US equity […]

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USDCAD Update

by | Apr 6, 2018

Update April 10th, 2018 With Crude Oil and Brent potentially topping here, USDCAD tagged 50% retracement is approaching equality and the 200 day sma with a potentially completed 5 waves down - remaining shorts here are risky as we look for a wave 2/B counter-trend bounce.   April 6th, 2018 Friday is an important day […]

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SPX updates for the big picture

by | Apr 6, 2018

I thought it would be helpful to understand this market volatility in the context of the big picture SPX wave counts. I see three primary counts and there remains the risk that this entire post-gfc rally is over as highlighted by the Bear count. Bear Case - Market top is in and we now trend […]

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MCP Market Update: April 3rd, 2018 – Break Unconfirmed

by | Apr 3, 2018

The SPX break of its 200 day sma was NOT confirmed by other markets.  As expected, the 200 day sma has acted like a magnet across the major US indices as the bulls held support all week only to break on Easter Monday. Our defensive positioning on these markets has not changed. Each rally attempt […]

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