Last week, equities continued to wedge into the highs for what we expect to be an ending wave (v) of 3 or C rally into overhead ATH resistance. Despite war breaking out in the Middle East, risk assets remained resilient with no confirmation of a tradable top in equities. Ideally, we'd like to see downside […]

Last week, equities extended marginally higher and appear to be wedging into a test of ATH's. While there is no evidence of a tradable top, there is a risk of near term trend exhaustion as the rally potentially completes wave 3 of (5). Note the bearish momentum divergence as markets edge higher. While the rally […]

Last week, equity market leaders (ES / NQ) pushed to marginal new highs unconfirmed by the broader indices (YM / RTY). While there are now enough waves in place to help complete wave (iii) or 3, the bull market rally would still look best with an extension higher towards ATH resistance while holding key overlap […]

Last week, global equities declined following yet another Trump Tariff barb (noise) but the big picture bullish outlook remains intact (signal). The question is whether the corrective decline for wave (4) is complete and the impulsive rally extends immediately higher for (5) up, or wave (4) develops into a more complex correction or triangle. Bulls […]

Last week, equities rallied strongly through layered resistance in a gap and go following Trump's Tariff capitulation with China. Risk markets celebrated Trump walking back the trade war narrative and kicking the can down the road. The latest rally opens the door to a hard test of ATH's and potential for an immediate wave (5) […]