A wild and crazy week ended with the SPX and Dow breaking out of triangle patterns, but the QQQ stopped at the upper trendline of a similar pattern. Triangle breakouts often lead to explosive moves, but will this one. This report describes the parameters to watch for.
If this market makes you feel like tearing your hair out, you are not alone. Rangebound markets can do that. Indicators are conflicting and it’s not clear which way the breakout will be or even when it’s likely to occur. This report reveals the parameters that are likely to mark the trigger a big move.
This market is doing some very unusual things technically speaking, and that’s extremely troubling.
The market has painted an inconclusive technical picture over the past 3 days. That reflects investor indecisiveness and indecision, and it’s usually associated with the development of rangebound markets. This article presents the parameters that will signal a change in the pattern.
The market is perfectly positioned for a big move as Ben takes center stage on Wednesday. New 6 month cycle buy signals on cycle screening measures are getting to a level suggestive of a new up phase, but they do not yet indicate a strong thrust that would have residual momentum after the initial upturn.…
Technical indicators continue to tilt toward confirming that a 6 month cycle low is behind us. A cynic might believe that certain big money players with a big time former executive at the helm of the NY Fed might have an inside track on what the Fed’s decision will be on Wednesday, and that that…
There were more signs on Friday that this rally will be of intermediate duration. A reverse head and shoulders pattern was completed but the breakout was not definitive. Signs point to more strengthening. This report tells what those signs are, but the most important one will come from on high.
The late fireworks kept most cycle indicators positive. The 13 week cycle up phase remains in force with the only question being whether it stalls out and remains sideways, or breaks out. This report tells where the bears’ Maginot Line is, and what’s likely to happen if it’s breached.
Bulls put half a nail in the temporary bear coffin on Friday (temporary coffin- huh?). It looks as though a 13 week and 6 month cycle bottom has formed, but there are big question marks, not the least of which are how strong the up phase will be and even whether this turn is for…
The market sent a bunch of signals on Wednesday that said the 13 week cycle low was in, but it’s easy to cross a trading range, and another thing to break out.