Monday’s update noted: “Odds favor a continued run higher, with 1510 as the next near-term target.” On Tuesday, the SPX came within pennies of 1510,…
The S&P 500 (SPX) may finally be ready for a little breather, and appears to be in the process of forming a complex corrective wave, with some indications that we may chop around for a bit. The entire move since 1491 presently appears correc…
While I’ve been giving bulls most of the air time for the past few months, in this article, I’m going to touch briefly on an interesting pattern that “bears” watching.
Before I get into a bearish hypothetical though, the reality is that there’s just n…
Yesterday, the S&P 500 (SPX) briefly reclaimed the important psychological level of 1500, a level it hasn’t seen since Bob Barker quit hosting The Price is Right. Apparently, back in 2007, Barker quit out of moral obligation, because he knew…
Yesterday, the Dow Jones Industrial Average (INDU) effectively reached my target of January 3. The preferred and alternate intermediate counts are still both bullish — though there’s one small bear hope still remaining (an ending diagonal, n…
The rally has, so far, continued largely unabated, which is what I expected on January 2. As I warned at the beginning of the year,…
Wednesday’s update noted that SPX 1467.56 should serve as a dividing line between a deeper correction and a trip directly into my long-standing target zone…
I was going to take today off, but I felt obligated to update Euro. In yesterday’s update, I discussed the fact that Euro appeared ready…
Last update (Friday) noted that trade above 1416 would suggest a first target of 1422 and a second target of 1433. Both targets have since been reached, amounting to 17 points of profit. Of note, the S&P 500 (SPX) exactly tagged (to th…
Unfortunately, this week my schedule is largely filled with some very time-consuming personal matters to attend to — so publication for this week will be spotty. Trade safe. The original article, and many more, can be found at http://www.Pretze…