Last week, equity markets traded sideways while holding key 50 day sma trend support. While the bearish setup remains intact, the strength of the rally and lack of downside follow through warns of a potential bullish extension higher. While there are enough waves in place to complete this rally, bears need to see downside follow […]

Last week, equity markets extended lower into 50 day sma support before rebounding strongly. While the bearish setup remains intact while below ATH's, the strength of the rally warns of another failed reversal attempt and bullish extension higher. While there are enough waves in place to complete this rally, bears need to see downside follow […]

Last week, equity markets extended marginally higher towards measured targets before reversing sharply lower. There are now enough waves in place to complete this ending rally but bears need to see downside follow through this week to break near term support and confirm a bearish change in trend. Ideally, we'd like to see an impulsive […]

Last week, equity markets extended higher as expected but we continue to see this latest rally as an ending wave. The bull market rally continues to extend higher towards upside targets with no confirmation of a tradable top. While this rally counts best as an ending 5th wave, hope springs eternal and the bull market […]

Last week, equity markets held near term support and extended higher as the bears failed to see downside follow through. The bull market rally continues to extend higher with no confirmation of a tradable top. While this rally counts best as an ending 5th wave, hope springs eternal and the bull market remains intact until […]