Last week, equities held equality support and rallied strongly towards trend resistance in what appears to be a triangle consolidation or bull nest. Range compression leads to range expansion as we look for a directional break in both the SPX and Nasdaq indices. The bull trend remains intact while last week's lows hold but any […]

Last week, equities gapped sharply lower before rebounding correctively for the rest of the week to fill the gap before reversing lower on Friday. Over the weekend, Trump confirmed a trade war with tariffs leading to another gap down this week. This wild ride is likely a sign of things to come with Trump causing […]

Last week, equities rallied for a hard test of ATH's in what counts best as an extended 5th wave that broke sharply lower over the weekend. The question remains as to whether this impulsive rally was a bullish wave (i) of a larger degree 5 wave rally through new ATH's or a bearish ending wave […]

Last week, the bulls held key equality support across the board leading to an impulsive 5 wave rally into Friday's high. The corrective rally opens the door for a push to new ATH's but the bigger picture wave count is less clear. With Trump's first week in office post-inauguration, we should be prepared for increased […]

Last week, equities extended lower after the initial strong rally failed at trend resistance. The question is whether this decline is a complex correction within the ongoing bull market or the start of a waterfall decline? There is no evidence yet of 3rd wave impulsive price action to the downside so Bears need to see […]