Global equity indices extended higher into year end for a hard test of ATH resistance. While the rally is extended, there is no strong evidence of trend exhaustion or a bearish reversal as equities impulse higher into resistance. The US$ decline has extended into 5 waves down and has enough waves in place for what […]

NB:- This will be the last update for 2023. Wishing everyone a safe and happy holidays and a very prosperous new year. We will be taking some time off to refresh over the holidays and prepare for the new year. Thank you to all for your support as we look forward to the year ahead […]

Last week, equity markets continued to consolidate below resistance while threatening to extend higher towards 5th wave targets. The troops are now following the generals for a hard test of ATH's. This week holds significant market risks as equities attempt to press higher in the face of key Inflation and Retail Sales data along with […]

Last week, the global equity market rally continued unabated with a clear broadening as the troops (Russell, NYA and RSP) finally broke higher to rally impulsively and play "catch-up" to the generals (SPX, Nasdaq and DJIA). This broadening of the rally warns of greater upside potential in a running of the bulls as we now […]

Last week, equities continued to extend higher towards bigger picture resistance in the holiday shortened week. The major indices continue to lead the way with the Nasdaq, S&P and DJIA continuing to impulse higher while the Russell, NYA and RSP rallies appear corrective (so far). These fragmented markets warn of greater risks going forward unless […]