Last week, equity markets extended marginally higher from recent bullish consolidations for what we expect to be an ending wave 5 rally. While there are now enough waves in place to complete the rally there is no evidence of a tradable top. Importantly, the Nasdaq indices extended higher but remain short of new ATH’s – […]

Last week, equity markets finally broke up and out of their bullish consolidations. The benchmark SPX broke to new ATH's in what we expect to be an ending wave 5 rally. Importantly, the Nasdaq indices rallied strongly from support but remains short of new ATH's - the structure would look best with a continued rally […]

Last week, equity markets continued to stair step lower before rebounding late as they remain in sideways (likely bullish) consolidations. Importantly, no key support has been broken as the markets threaten to extend higher in another wave 5 rally. While there are enough waves in place to complete the big picture rally there is no […]