Happy Thanksgiving! The market drifted higher along the intermediate uptrend line on Wednesday, keeping the trend intact, but it faces a key inflection point on Friday. This report tells where that is and what scenarios are likely depending on whether the market closes above or below it.
Cycle screening measures are looking a little tired so I have revised my intermediate term tactical opinion.
The market got ready for the holiday with a minor consolidation as it pushed against resistance around 2075. If it clears that, it’s poised to be off to the races again. This report covers the likely targets, and key benchmarks that could signal a change.
Cycle screening measures were slightly stronger today. The aggregate measure strengthened. The individual measures remained mostly bullish. This report tells what this means for the market.
The market continues to edge through uptrending resistance lines. Cycle analysis suggests where the central bank/institutional mania is likely to be headed, and when.
Cycle screening measures were slightly stronger on Friday, keeping the aggregate measures in strongly positive territory while remaining in a negative divergences. The individual measures remained mostly bullish, with only new 13 week cycle signals raising a preliminary caution flag that the rally could be near an end. This report suggests what to look for…
The market edged through uptrending resistance lines and appears poised to make a run at the 13 week cycle projection.
Cycle screening measures were mixed with a non-material edge to the buy side today. The aggregate measure continues to weave in a narrow range in positive territory. Here’s what that implies about the market.
Yet again, the market tested trend support, held, and drifted higher to keep the trend intact. This report discusses why this should be the mid stage of the bulls’ last hurrah.
The pullback left the SPX resting on the upper line of a broadening pattern dating back to early July. While these patterns can be part of a major top, in recent years they have typically broken out to the upside. This report explains why the latter is likely again.