Last week, equities broke the key 50 day sma trend support and flushed lower as expected. "Bulls need to make a stand here to reverse the recent decline or risk a waterfall decline." This latest decline appears to be in an 3 waves down so far and needs to extend lower in an impulsive 5 […]

Last week, equities extended lower within what appears to be a corrective decline into key 50 day sma trend support. Bulls need to make a stand here to reverse the recent decline or risk a waterfall decline. While the SPX / ES and Nasdaq / NQ declines appear corrective, the DJIA / YM impulsive decline […]

Last week, equities declined in a corrective 3 waves before rallying strongly on Friday despite the stronger than expected NFP. Bears had an opportunity to press following the strong economic data (anticipating delayed rate cuts) but bulls held trend support and squeezed higher. The underlying bull trend remains intact while corrective declines and impulsive rallies […]

Last week equities pushed to new ATH's as the series of corrective declines and impulsive rallies continued unabated. The bull trend remains intact despite potentially bearish 5th wave momentum divergence - the trend is your friend until it bends. We continue to monitor the benchmark SPX / ES bullish trend channel that defines this latest […]

Last week, equities extended higher while holding near term trend channel support as expected. While the SPX and DJIA pushed higher from what appear to be an ending small degree triangle thrust, there is no evidence of trend exhaustion or a tradable top - equities can continue to extend higher while primary trend channel support […]