Last week, equities extended lower to break trend support for what is likely wave A down of a big picture correction. While we do not have confirmation of a tradable low, the markets are oversold with the potential for a counter-trend wave B rally. Our big picture outlook remains unchanged as we look for a […]

Last week, equities continued to stair step lower for a hard test of key trend support with no evidence yet of a bullish reversal. The unrelenting Trump Tariffs threaten to change the dynamics of this bull market and risk a bigger picture wave (4) corrective decline. Bulls need to make a stand early this week […]

Last week, equities extended sharply lower as expected from a corrective wave (b) top but held key trend support. As highlighted in last week's update, "Risk markets remain bullish until we see new 5th wave highs in Bitcoin, the SPX and Nasdaq indices". The SPX / ES tagged long term trend support before rebounding strongly […]

Last week, equity markets rallied for another hard test of ATH's but were unable to break clear. The 3 wave corrective rally into ATH's and Friday's sharp reversal warns of a potential wave (b) "head-fake" top or ongoing triangle consolidation as previously warned. The structure since the December post-election ATH's counts best as a corrective […]

Last week, equities rebounded as expected with the SPX and Nasdaq now testing ATH's in an attempted triangle breakout. Bulls need to clear ATH's and break clearly higher to help confirm a bigger picture 5th wave rally. The risk is a near term wave (b) fake-out top as part of a bigger picture corrective decline […]