Last week, equity markets rallied strongly from key support to help set up a potential Santa Claus rally into year end. All major indices remain bullish while above recent swing lows as we look for a 5th wave extension through new ATH's to potentially complete the primary bull trend from the April lows. From a […]

Last week, equity markets continued to trade sideways to down for a hard test of key support for this complex wave 4 corrective retracement. Welcome to Thanksgiving Jeopardy - while the market has held key support, the structure of the decline is no longer "clearly" corrective and is warning of more bearish potential. The big […]

Last week, equity markets continued to trade sideways to down as the distribution and corrective consolidation continutes. The primary trend remains bullish within a wave 4 corrective consolidation before a final wave 5 of (5) rally into year end. Inter-market divergences continued as the DJIA made new ATH's while the Nasdaq and Russell extended lower […]

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 […]