A slight uptick in cycle screening data suggested a possible short term market low. The cumulative indicator is also at a key inflection point. Here’s what that means.
Support held again on Friday, keeping the uptrend just barely intact. How long will that go on and what will it take to break?
Cycle screening data have come within a whisker of triggering a 6 month cycle sell signal. Here are the benchmark levels to watch.
The market needs to quickly surpass a key benchmark if it is to go on to new highs later this summer. Here’s what needs to happen, and what the outlook would be if it doesn’t.
The market sent a message that it’s a good time to stay on vacation. Here’s why.
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The market surged again on Thursday, reaching a cluster of resistance trendlines at 1985, that had been earlier cycle projections. Those projections have moved higher in recent days. Here is where the market is likely to be headed.
While screening data was slightly weaker today, which is a non confirmation of the market averages, it wasn’t enough of a change to raise red flags…yet.
Technical indicators marked time today and cycle projections rose again.
Cycle screening measures strengthened today, confirming the move in the market averages. There was nothing earth shaking in the numbers, just more of the same supporting the slow grind higher.