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 […]

Last week, equity markets extended lower within its corrective channel (bull flag) before rebounding late in the week. The benchmark SPX / ES continues to hold nearby support and needs to break up and out of its bull flag this week. The big picture rally appears incomplete as we continue to see impulsive rallies and […]

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 […]