Santa Rally?
Prior week’s recap:
Last week went exactly as expected. We were down big on Monday and we were able to buy into a nice $ES...
Weekend Market Update – Bears Ball?
Prior week’s recap:
Last week went exactly as planned. We first filled the gap early in the week and then the pullback was bought. The...
Still Overbought
Short-Term:
Last week we were looking for a gap fill, and that was exactly what we saw. This week, we are still in a typical...
Big Move in the Next Month
Short-Term:
Last week bulls took the entire week to give the top of the range another test. This test may still be in progress, but...
Strong Price Action but Hidden Selling
Short-Term:
No updated last week since there was nothing new to add. We hit our 257 target on Friday as the market continues to march...
Bullish Pressure Still Building
Short-term:
Currently, the market is stuck in a small trading range within the much larger longer term range. Bullish pressure continues to build and the...
Calm Before the Fed?
Sorry for the no post last week. We were having some technical difficulties.
Short-Term:
Last week the SPX lost about 1% after the over extend rally....
Overextended
Short-term
Last week Bulls not only hit the 262 target but blew right past it. This was largely due to the realization that tax reform...
Weekend Update – All eyes on the Fed
Last week we had the bounce we were expecting early in the week. We then had a false breakout of the triangle to the...
FOMC
Short-Term:
Last week, we saw the Bulls act quickly and Gap up to a new high. Bulls are now firmly in control and will look...