Last week, equity markets finally broke up and out of their bullish consolidations. The benchmark SPX broke to new ATH's in what we expect to be an ending wave 5 rally. Importantly, the Nasdaq indices rallied strongly from support but remains short of new ATH's - the structure would look best with a continued rally […]

Last week, equity markets continued to stair step lower before rebounding late as they remain in sideways (likely bullish) consolidations. Importantly, no key support has been broken as the markets threaten to extend higher in another wave 5 rally. While there are enough waves in place to complete the big picture rally there is no […]

Last week, equity markets continued to stair step lower but remain range bound within sideway consolidations (so far). Importantly, no key trend support has been broken as the markets threaten to extend higher in another wave 5 rally. While there are enough waves in place to complete the big picture rally there is no confirmation […]

Last week, equity markets tested ATH resistance before reversing lower as the Nasdaq indices continue to underperform. While there are enough waves in place to complete the big picture rally there is no confirmation of a tradable top even with rising Iran tensions. Two-way risks remain while equities hold support above the October overlap highs. […]

Last week, equity markets rebounded while holding 50 day sma trend support despite rising Iran tensions. The strength of the rally and lack of downside follow through warns of a bullish triangle consolidation and 5th wave extension higher. While there are enough waves in place to complete this rally, bears need to see downside follow […]