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.
Cycle screening measures marched in place in positive territory during the week that I was away. Short term measures corrected while the longer measures remained very strong. The market averages marked time while this process was under way. Any follow through on the modest strengthening in these numbers today could be a sign of a…
The SPX has edged through the upper line of another broadening megaphone pattern. Here’s what that means.
With little change in the market, there was no reason to change the outlook.
While the market trades quietly in a range, the weight of the evidence points to an upside breakout. This report covers the likely targets, and what it would take to change the outlook.
With the market trading quietly in a narrow range for the past 3 days, there has been little change in the cycle outlook. Short term cycles appear to be in down phases where the indicators correct but prices don’t. Here’s what that probably means in terms of where to expect the market to top out,…