Last week, equity markets rebounded from near term support and is attempting to break up and out of a bull flag. The big picture rally appears incomplete as we continue to see impulsive rallies and corrective declines. Bears need to make a stand here and reverse this rally back through initial 50 day sma support […]

Last week, equity markets failed to extend higher and risks a completed big picture rally. Bears need to make a stand here and extend this decline through 50 day sma support and recent wave 4 lows. While there are enough waves in place to complete this rally, the potential remains for a bullish extension to […]

Last week, equity markets failed to extend higher and risks a completed big picture rally. Bears need to make a stand here and extend this decline through 50 day sma support and recent wave 4 lows. While there are enough waves in place to complete this rally, the potential remains for a bullish extension to […]

Last week, equity markets extended marginally higher from recent bullish consolidations for what we expect to be an ending wave 5 rally. While there are now enough waves in place to complete the rally there is no evidence of a tradable top. Importantly, the Nasdaq indices extended higher but remain short of new ATH’s – […]

Last week, equity markets finally broke up and out of their bullish consolidations. The benchmark SPX broke to new ATH's in what we expect to be an ending wave 5 rally. Importantly, the Nasdaq indices rallied strongly from support but remains short of new ATH's - the structure would look best with a continued rally […]