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 […]

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 – […]