The market continues to push against and into an area of major long term resistance. A breakout through 1552 would open the way for what…
Cycle screening measures took a breather yesterday while the averages had a small uptick as they pressed major resistance in the 1540-60 area, in making…
Due to the posting of the Treasury Update tonight, the Market Update will be posted Thursday morning. Thanks for your patience and support.
The market has crossed another major resistance line at 1530. If this holds, and if the market closes above certain benchmarks over the next two…
Short term cycles are in up phases which still appear to have some sand left in their hourglasses and a 13 week cycle upturn also…
The SPX is moving toward a test of the high. Time counts suggest that this should be the early part of a 13 week cycle…
While the odds may slightly favor a breakout due to more favorable liquidity conditions in May, the technical side isn’t clear. Whether the market can…
The market’s late pullback didn’t register on most daily technical indicators and screening data continued to strengthen. I have to lean toward this being part…
Once a market establishes a trading range it can move easily through the range. The real test will be whether it can break through the…
The market rallied from critical support, with 6-7 week and 13 week cycle lows overdue and price projections reached. Those things suggest a bottom, but…
