Last week, equity markets reversed lower from equality resistance after only a corrective 3 wave rally into ATH's. This structure counts best as an irregular (head-fake) wave (b) top as part of an ongoing wave 4 consolidation as warned last week. Importantly, while we could see a more complex correction and decline, the big picture […]

Last week, equity markets pushed to marginal new ATH's but the rally is not clearly impulsive. While the bull trend remains intact with the series of higher highs and higher lows, the overlapping nature of the rally warns that it may be ending. Bulls need to clear ATH and equality resistance to help confirm a […]

Last week, equity markets traded sideways and remain range bound within what appears to be a bullish consolidation. The bull trend remains intact as no key support has been broken and we continue to see corrective declines. There is no evidence of a bear reversal but Bulls need to clear ATH resistance to help confirm […]

Last week, equity markets rebounded higher as expected and is now testing ATH resistance. The bull trend remains intact as no key support has been broken and we continue to see impulsive rallies and corrective declines. Bulls need to clear ATH resistance to help confirm a bullish 5th wave extension. The alternate is a more […]

Last week, equity markets extended lower within its corrective channel (bull flag) before rebounding. The bull trend remains intact as no key support has been broken and we continue to see impulsive rallies and corrective declines. Bulls need to break up and out of its bull flag and clear ATH resistance to help confirm a […]