Short term cycle projections are eye popping. They suggest the market is going much higher in the short run. Here’s what to look for on the upside as well as the parameters that would signal reversal.
The market remains in a short term meltup channel. But there’s a key technical level it must break to keep the rally going and prevent a possible resumption of the crash.
Last week I wrote that a crash was under way, but I added, “If there is a snapback rally, I’d look for resistance around 2490-2520. The market would need to close above 2530 on Monday to break the crash channel.” We got the rally, and lo and behold, it hit 2520 on Friday. The crash…
The market has crashed through multiple channels and support levels. Here’s why it could get worse. Happy Holidays!
The six month cycle isn’t doing what it’s supposed to. Here’s what to watch out for.
The imaginary Powell Put reaction got no satisfaction last week. Here’s where the market is headed next and what to do about it, including investment and trading strategies for profit.
The market thought it saw a Powell Put in the Fed Chairman’s speech last week. It caused short term cycles to reverse and get in gear with what had been a weak 13 week cycle up phase. The question is whether that up phase has strengthened, or if this is just a case of racing…
The market broke a key long term trendline last week as it heads toward completion of a secular top. Here are the signs that could signal a crash.
A narrowing trading range has formed, with the key parameters being approximately 2775 and 2680 this week.
The apparent 6 month cycle upturn remains intact, but here’s why bears can still be expectant and bulls need to protect their assets.