The market took the course of the more likely negative scenario last week, breaking support around 2095. SPX has set up a new, more sharply…
The market is now significantly weaker than at a similar stage of the last 13 week cycle, which saw the post Brexit pop. On balance,…
The market still hasn’t escaped the “ugly mess of crosscurrents.” It’s trying to form a bottom at a major trend channel support line, but 2…
Here we are again in an ugly mess of multiple crosscurrents. 2125-30 is now the critical support area. Market Update Pro subscribers click here to download…
The SPX continues to churn, breaking shorter term uptrend channels, but only forcing a wider uptrend channel in the process. It’s a meat grinder out…
The 6 month cycle now appears to be in a sideways down phase with 2-3 months to go. There’s no sign that the down phase…
The 10-12 month cycle appears to still be in a top phase but the projection has risen to 2330. I’ll take that with a grain…
There was no follow through on the previous week’s selloff last week. We’ll still need to see the next rally to get a handle on…
Friday’s market break raises the question of whether now is the time to short the market. Was this the beginning of a big decline, or…
SPX held at a support convergence at 2165 and bounced. There’s a flat short term channel with resistance indicated around 2092, and a couple of…
