Last week, equity markets extended higher as expected and are now testing upside targets. While there are enough waves in place to complete wave (v) of 5 to new ATH’s, there is no evidence of a tradable top. While this rally can continue to extend higher, we are alert to the potential for trend exhaustion […]

Last week, equity markets extended higher as expected and are fast approaching measured targets. While there are enough waves in place to complete wave 5 to new ATH's, the structure would still look best with a final extension towards the target zone. While this rally can continue to extend higher, we are now alert to […]

Last week, equities consolidated lower last week before extending higher as expected. The stage is set for a final wave (v) of 5 extension higher to new ATH's this week but the upside may be limited. The risk remains that this is an ending rally before a potential bear reversal - is it a bull […]

Last week, equities rallied strongly to new ATH's on hope for a resolution to the Iran conflict. The Straight of Hormuz remains closed and the risk of escalation remains - the pressure is on Trump to quickly resolve this conflict. The rally to new ATH's appears incomplete as we look for a final subdivision higher […]

Last week, equities extended higher as expected but the rally is only in 3 waves so far with hopes raised for a negotiated resolution to the Iran conflict. Bears need to immediately reverse last week's rally back through overlap support to help confirm a more bearish outlook in wave C or 3 down. Bulls need […]