Last week, equity markets extended marginally higher towards measured targets before reversing sharply lower. There are now enough waves in place to complete this ending rally but bears need to see downside follow through this week to break near term support and confirm a bearish change in trend. Ideally, we'd like to see an impulsive […]

Last week, equity markets extended higher as expected but we continue to see this latest rally as an ending wave. The bull market rally continues to extend higher towards upside targets with no confirmation of a tradable top. While this rally counts best as an ending 5th wave, hope springs eternal and the bull market […]

Last week, equity markets held near term support and extended higher as the bears failed to see downside follow through. The bull market rally continues to extend higher with no confirmation of a tradable top. While this rally counts best as an ending 5th wave, hope springs eternal and the bull market remains intact until […]

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 […]