The market ended the week at the bottom of an intermediate trend channel with some signs pointing to a breakdown. Here’s what to look for.
Last week’s action may have been a failed test of the January high. We should have our eye on a couple of critical levels and one set of shorter term indicators that could signal the onset of the first downleg of the bear market.
The market’s pullback late in the week has created an inflection point at 2800. Cycles are favorable for more upside but there are caution flags that could require a change in the outlook. Here’s what they are, and the upside targets if they don’t transition into sell signals. Here is today’s updated list including new…
The market is in a meltup channel. Here’s where it’s headed.
The market broke out of a downtrend channel early last week and the current channel now points sharply higher. But the irresistable force also meets the immovable object at a level just overhead. Here’s what to look for to signal either an extension of the rally or a reversal.
Intermediate indicators are turning bearish but one is telling a different story. Here’s what to look for.
The market fell to the bottom of a cluster of short term uptrend channels on Friday. A down day on Monday would smash them. Here’s what to look for.
The market stalled at a trendline cluster at 2780-90 last week. Here’s what that means for the outlook.
The market is in a slow motion meltup channel. There may be resistance at 2790, but both 2800 and 2840 are also likely targets. Here are ar the indications that might signal a rollover, and those that would suggest more upside.
As the market tries to extend the rally it faces key resistance at 2742 and 2758. Here’s what to expect.