Last week, equities rallied strongly following a corrective decline as the SPX and DJIA pushed back towards new ATH's. While we had been looking for a deeper correction within the bull market trend, the strength of the rally opens the door to an immediate wave 3 rally to new ATH's (bull case). The key test […]

Last week, the equity market rally failed to extend higher in 5 waves and instead reversed sharply lower breaking near term support. Given the corrective nature of the decline from ATH's, we continue to see this decline as part of a larger degree wave (4) correction. The question is whether the decline is a 4th […]

The equity bull market remains intact as the series of impulsive rallies and corrective declines continues. Last week's decline in the benchmark SPX / ES into 50 day sma support appears corrective as we look for an extension higher in wave (v) of 5 to new ATH's. There is no evidence of a tradable top […]

Last week, equities broke through overlap resistance and rallied strongly to help confirm a corrective decline and ongoing bull market trend. The market leading SPX and Nasdaq have rallied in an extended 3 waves up so far and need to continue higher in 5 waves to help confirm the immediate rally to new ATH's. The […]

Last week, equities declined sharply into measured support before rebounding throughout the week. The decline from ATH's is only in a corrective 3 waves so far and needs to extend immediately lower in 5 waves down to help confirm a bigger picture bearish change in trend. Bulls need to hold last week's lows and extend […]