Range Market Conditions
Short-term:
We saw the bounce we were expecting over the last couple of weeks. We continue to be in a trading range so expect trading...
Bulls Make an Attempt at a Breakout
Short-term:
It has been a busy few weeks weeks but nothing has changed in our forecast. The market is still stuck in this long range...
EOM Bounce
Short-term:
Last week the SPX lost 3.94% and we are now officially in correction territory. We also lost all gains for 2018. This is actually...
Another Bounce is Due but Bulls are Weakening
Short-term:
Last week, Bulls tried to break out of the 2 week range, only to fail once again near the top. Some of our bounce...
Trading Ranges
Short-term:
The wedge pattern we noted in our last update panned out after a couple more pushes higher. Bears were able to hit their first...
Bounce is Due
Short-term:
Bears attacked furiously last week. The S&P posted its worst weakly loss since January 2016. Bull immediately squandered their chance to regain control on...
Wedge
Short-term:
As we noted two weeks ago, there would be a 4th push higher in the current wedge pattern and we saw that last week....
Bears are Weakening
Short-term:
Last week we saw the pullback we were expecting. We also filled the gap to the tick. The Bears however were the weakest they...
Pullback
Short-term:
Last week, the Bulls made another attempt to push higher but the Bears answered right back on Friday. This leads us to believe that...
Pullback Likely
Short-term:
Bulls finally pushed to the 280 level as we have discussed. However, so far it's, not strong enough and a pullback seems like a...