Last week, equities remained under pressure with a hard test of equality targets across the board followed by a last gasp attempt to hammer out a low on Friday. While there is no confirmation of a tradable low, the Russell 2000 may be warning of a near term bullish turning point. Rates and the US$ […]

Last week, equities continued their decline into equality targets as expected before rebounding late in the week. So far, we have 3 waves down of equality within corrective trend channels (bears haven't proven anything yet). With minimum downside targets met, this is the last stand for the bull market trend. We have our doubts as […]

Last week, equities extended lower in what is likely to be a larger degree wave C or 3 impulsive decline. Despite markets being oversold, there is an immediate risk of an accelerated wave (iii) of 3 decline on a clear break of last week's lows. Markets are beginning to embrace the stagflationary outlook with high […]

Last week, US equities declined impulsively for a hard test of recent swing lows. The Nasdaq and Russell made new cycle lows while the SPX and DJIA are yet to confirm new lows. The decline appears incomplete and the bear trend remains intact but equities may be completing small degree 5th waves in the near […]

Last week, equities turned sharply lower as expected after a counter-trend rally into resistance and now face a key test of structural support. The bears took hold of the markets late last week and are likely set for a hard test of major swing lows. Make or break for equity markets early this week as […]