Resistance proved no match for short to intermediate term bullish forces. Here are the likely targets of this move and the benchmarks to watch.
Cycle screening measures were weaker on Wednesday. But after falling for 6 straight sessions, the aggregate indicator was still above +1000, which is a very strong level. Here’s how we should view that.
The market extended its pullback today after it failed to break the September intraday high on Tuesday. But other than very short term indicators, most indicators remained positive and most cycle projections still pointed higher. Here’s what it means.
Cycle screening measures were slightly weaker on Tuesday. New 4 week cycle signals were the only measure to slip to the sell side on balance. Here’s what it means.
The market tried but failed to clear the September intraday high. The odds are now slightly lower that it will.
Cycle screening measures were little changed on Monday. They remain overbought, with continued strengthening in the already extremely strong numbers in the 6 month cycle measures.
The market quietly added a tiny gain on the semi holiday Monday. It failed to clear the September intraday high however. This report covers the reasons that it probably will, and the likely targets of this move.
Cycle screening measures weakened slightly again on Friday in spite of the slight uptick in the S&P. However, they remain overbought with continued strengthening in the already extremely strong numbers in the 6 month cycle measures. Here’s why they suggest to continue to avoid the short side until certain conditions appear.
The market held on the plus side on Friday after clearing an area of multiple resistance lines between 1995 and 2010 on Thursday. It failed to clear the September intraday high however. Here are the odds on whether it will based on the latest cycle projections and indicators. We also look at the intermediate and…
Cycle screening measures weakened slightly on Thursday in spite of the rally. They remain overbought with extremely strong numbers in the 6 month cycle measures. The market will also have the benefit of an immense wave of excess liquidity again over the next week.