Last week, equities extended higher towards the target zone before reversing lower late in the week. There are enough waves in place to complete the impulsive rally from the March lows but there is no confirmation of a tradable top. Bears need to see downside follow through this week and extend this decline immediately lower […]

Last week, equity markets extended higher as expected and are now testing upside targets. While there are enough waves in place to complete wave (v) of 5 to new ATH’s, there is no evidence of a tradable top. While this rally can continue to extend higher, we are alert to the potential for trend exhaustion […]

Last week, equity markets extended higher as expected and are fast approaching measured targets. While there are enough waves in place to complete wave 5 to new ATH's, the structure would still look best with a final extension towards the target zone. While this rally can continue to extend higher, we are now alert to […]

Last week, equities consolidated lower last week before extending higher as expected. The stage is set for a final wave (v) of 5 extension higher to new ATH's this week but the upside may be limited. The risk remains that this is an ending rally before a potential bear reversal - is it a bull […]

Last week, equities rallied strongly to new ATH's on hope for a resolution to the Iran conflict. The Straight of Hormuz remains closed and the risk of escalation remains - the pressure is on Trump to quickly resolve this conflict. The rally to new ATH's appears incomplete as we look for a final subdivision higher […]