Last week, equities rallied to new ATH's to extend the sequence of higher highs and higher lows as the daily RSI continues to compress. The question is how long and how far this rally can extend? While we continue to see impulsive rallies and corrective declines the bulls remain in control. We are however alert […]

Last week, equities pushed to marginal new highs before reversing sharply lower post-CPI on sticky inflation data. Equities appear to be wedging into ATH's on deteriorating momentum while holding near term trend channel support. The RSI compression continues to tighten but bears need to see downside follow through this week to break the bull trend […]

Last week, equities continued to rally for what appears to be a 5th wave subdivision and extension of multiple degrees. The bulls remain firmly in control with impulsive rallies and corrective declines driving the rally forward - the rally appears incomplete. Bears are running out of runway to stop this advance while maintaining 5th wave […]

Last week, equities continued to subdivide higher as expected and now have enough waves in place to complete 5 waves up of mulltiple degrees. Note the 5th wave bearish momentum divergence across multiple timeframes that have the potential to end this rally. However, given the strength of this rally and break to new ATH's, the […]

Last week, equities continued to subdivide higher in what is likely to be an ending 5th wave rally. We are now alert to a potential market top this week as we look for these final subdivisions to complete 5 waves up of multiple degrees. While there is no evidence yet of a tradable top, bearish […]