Cycle screening measures strengthened on Tuesday but not to the degree that the averages have moved. Here’s what this means for the outlook.
The market challenged but did not break the top of its sharp short term downtrend channel. Here’s what to look for on Fed Day.
Cycle screening measures strengthened slightly on Monday, raising the likelihood that a short term low is beginning to form, but with continuing risk. Here’s what to look for.
The market fell through support at 2010 but recovered to close above it. However, it remained below the centerline of a sharply descending short term downtrend channel. It raises the possibility of two diametrically opposed outcomes. Here’s what to look for.
Cycle screening measures weakened on Friday, breaking the September low and reaching what would be an oversold level if this were a bull market. But “oversold” in a bear market is at a very different parameter than in bull markets. In addition, these indicators normally need to form significant positive divergences before an intermediate bottom…
The market finally broke out of the triangle pattern to the downside, and as is usually the case, the move was explosive, but it did stop at support at 2010. Here’s what to expect.
Cycle screening measures weakened on Thursday, diverging from the small gain in the SPX. 6 of the 9 measures weakened. The aggregate indicator fell to a new 2 month low, keeping the intermediate pattern in that measure bearish. All 6 new signal measures remain firmly on the sell side in spite of normal decay in…
The market’s rebound was pushed back as it challenged sharply downtrending short term trend resistance. The bears still have the upper hand, but it will be meaningless if they can’t break this support level.
Cycle screening measures weakened on Wednesday, accelerating the negative bias that persisted earlier in the week, reaching a configuration that increases the odds of a sustained market decline.
The market has edged below the bottom of a tight triangle pattern. These breaks often result in short, explosive moves, but there’s more support indicated just below where the market closed today. Here are the parameters that should tell us whether a big move down is in the cards.