Global equities rebounded last week after holding near term wave (v) or 5 support. The big picture market structure remains bearish as our expectation is that January's ATH completed the supercycle rally from the 2009 lows. Minimum targets for this bear market decline is the March 2020 lows - buyer beware as this is no […]

The bear market trend was finally confirmed last week with 5 waves down from recent supercycle ATH's. This latest decline confirms our view that the bigger picture market trend is now bearish. Global CB's have reversed course and started tightening aggressively to fight inflation (rising prices are now a political problem) - global macro trends […]

Global equities reversed sharply lower last week after failing at overhead resistance. Most major indices are now retesting major swing lows and threatening to break down in wave 5 or a more bearish red wave (iii) of 3 (more akin to a crash). ANY new swing low invalidates the big picture bull case (corrective 3 […]

Last week, equities extended gains before fading later in the week in what we expect to be part of a corrective rally within a larger degree bear market. Despite only 3 waves down of equality from ATH's, we are leaning towards the idea that the big picture bull market trend is over. Bears need to […]

Last week, equities rebounded strongly after holding key near term support and breaking through bearish trend channels. The Russell 2000 provided the "tell" last week as we looked for "at least a counter-trend rally" after hammering out a tradable low. Prima facie, most equity indices have only declined in a corrective 3 waves of equality […]