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 […]

Last week, equities broke support and flushed sharply lower in what is expected to be a wave (c) or (iii) decline. The broad based decline and risk-off environment saw the Nasdaq, NYFANG and SPX continue to decline impulsively through equality support. The Russell pushed to marginal new highs before reversing sharply lower late in the […]

Last week, equity markets extended lower as expected but inter-market divergence continued. The Nasdaq and semiconductors led the decline with an impulsive 5 waves down while the broader indices (SPX / DJIA / RSP) only declined in a corrective 3 waves down so far. This divergence warns of a potential top in the Nasdaq and […]

Last week, equities reversed sharply lower after pushing to marginal new ATH's in a warning sign that the primary bull market trend may be exhausting. While the initial equity market decline appears impulsive, it would look best with a small degree 5th wave extension lower followed by a corrective 3 wave rally to set up […]