Last week, equities continued to squeeze higher through layered overhead resistance as bears failed to make a stand. The equity market rally is in an extended 3 waves so far into 78.6% fib resistance with no evidence of a tradable top. Bears need to defend the ATH's and reverse this rally back below the wave […]

Last week, equities continued to rebound in what appears to be a complex but corrective 3 wave rally into layered overhead resistance. Our base case remains for at least a wave (c) decline once this corrective wave (b) rally is complete. Bears need to make a stand early this week and reverse last Friday's rally […]

Last week, equities rebounded sharply and we did not get the downside follow through to help confirm an impulsive decline. The structure counts best as a 3 wave decline and subsequent 3 wave rally into overhead 50 day sma resistance for the primary indices. This week will see a key test of overhead resistance as […]

Last week, equities broke the key 50 day sma trend support and flushed lower as expected. "Bulls need to make a stand here to reverse the recent decline or risk a waterfall decline." This latest decline appears to be in an 3 waves down so far and needs to extend lower in an impulsive 5 […]

Last week, equities extended lower within what appears to be a corrective decline into key 50 day sma trend support. Bulls need to make a stand here to reverse the recent decline or risk a waterfall decline. While the SPX / ES and Nasdaq / NQ declines appear corrective, the DJIA / YM impulsive decline […]