Bulls are Losing Momentum
Short-Term:
Last week we saw another push to a new high as expected. We also fulfilled the green target. The Bears however, were once again...
Triangle
Short-Term:
Last week we stayed within the range of the prior Friday's outside bar. Therefore, we have a small triangle pattern setting up. This means...
Final Push for Bulls?
Short-Term:
Last week went precisely as we had anticipated. We saw a small pullback followed by a new high later in the week. Friday was...
Final Flag
Short-Term:
Last week, the breakout was confirmed with the strong close to the week. The target is around 248. This will get us very close...
Fake Out?
Short-Term:
Last week we were able to breakout to new highs. This was a slight surprise, but in a trend the surprise is always with...
Confusion?
Short-Term:
Last week we absolutely nailed the trade. We saw a final push up to the 241 area followed by a large move down to...
Big Move Alert
Short-Term:
There was no update last week since all prior points were still applicable.
Bulls are clearly weakening now, but Bears need to strike soon. We...
FOMC
Short-Term:
There was no update last week since all prior points were still applicable.
We saw the bounce over the last 2 weeks as we expected....
Bounce Time…
Short-Term:
Last week we closed down a little over 1%. This puts us down only about 3% from the March 1 high. We are...
Neutral
Short-Term:
Last week we saw a quick break above the prior weeks high, but Bulls were unable to close above that level. We are currently...