Last week, equities rebounded as expected with the SPX and Nasdaq now testing ATH's in an attempted triangle breakout. Bulls need to clear ATH's and break clearly higher to help confirm a bigger picture 5th wave rally. The risk is a near term wave (b) fake-out top as part of a bigger picture corrective decline […]

Last week, equities held equality support and rallied strongly towards trend resistance in what appears to be a triangle consolidation or bull nest. Range compression leads to range expansion as we look for a directional break in both the SPX and Nasdaq indices. The bull trend remains intact while last week's lows hold but any […]

Last week, equities gapped sharply lower before rebounding correctively for the rest of the week to fill the gap before reversing lower on Friday. Over the weekend, Trump confirmed a trade war with tariffs leading to another gap down this week. This wild ride is likely a sign of things to come with Trump causing […]

Last week, equities rallied for a hard test of ATH's in what counts best as an extended 5th wave that broke sharply lower over the weekend. The question remains as to whether this impulsive rally was a bullish wave (i) of a larger degree 5 wave rally through new ATH's or a bearish ending wave […]

Last week, the bulls held key equality support across the board leading to an impulsive 5 wave rally into Friday's high. The corrective rally opens the door for a push to new ATH's but the bigger picture wave count is less clear. With Trump's first week in office post-inauguration, we should be prepared for increased […]