Last week, equity markets corrected lower towards key trend channel support at the 50 day sma before rebounding strongly. The primary trend remains bullish as we look for a wave 4 corrective consolidation before a final wave 5 of (5) rally into year end. So far, key risk assets including equities and crypto remain in […]

Last week, equity markets continued to rally to new ATH's before consolidating later in the week. The near term rally appears incomplete as we look for a push to marginal new highs towards 7000 on the S&P. This equity market rally is extremely extended and overdue for a corrective consolidation before a final rally to […]

Last week, the equity market melt up continued as the rally extended directly to new ATH's after holding key trend support at the 50 day sma. The latest rally appears to be a wave (v) of 3 extension as the primary bull trend continues. The big picture rally appears incomplete and would still look best […]

Last week, equity markets traded sideways to down within what appears to be a bullish triangle consolidation. There is no evidence of a long term tradable top as we look for the bull trend to continue higher in wave 5 of (5) once this wave 4 correction is complete. Crypto markets led by Bitcoin continued […]

Last week, the equity market bull trend finally exhausted and reversed sharply lower on a late announcement of further Trump Tariffs. Forewarned is forearmed as we were warning of the extended nature of this rally and bearish momentum divergence. Equities declined sharply on Friday to tag initial support at the 50 day sma from where […]