Early on Friday, SPX made a pretense at breaking out of its consolidation, but it did not follow through and had an indecisive close. Furthermore, neither the DJIA nor the TRAN made any attempt to join it in starting a new uptrend. Other...
SPX has reached its stated short-term projection. This should bring about a reversal and the second correction since the 1992 low. There is a very slight possibility that the pattern it is currently making will turn out to be a...
Last week, SPX broke out to a new all-time high and extended its move 34 points beyond. Since that level corresponds to a short-term projection, a minor top could develop and bring about the second correction of the uptrend which started...
Last week, SPX traded within inches of its all-time high. After a much better than expected jobs report on Friday, bulls took control and drove the SPX up to 2131.71, only 3 points from the 5/15 high of 2134.72. Some profit-taking...
The rapid Brexit-induced 120-point decline was short-lived, giving way to a four-day rally which retraced it almost completely. By Friday, the rally started to show signs of exhaustion as it filled a base projection to the 2106-2112 level...
The British referendum should have a significant influence on the markets this coming week. It is best to keep from making specific predictions, especially about the intermediate trend, until after the results have been announced.
The British referendum should have a significant influence on the markets this coming week. It is best to keep from making specific predictions, especially about the intermediate trend, until after the results have been announced.
The extension of the SPX rally has run into resistance and stalled. At the same time, it has essentially reached an area of short-term projections. If it cannot break out to a new short-term high and regain its upside momentum, it will...
There is (very) important support for the SPX between 2040 and 2043. It will have to be broken decisively in order for the index to resume its long-term downtrend. After finding support at the bottom of a major trading range, SPX is again...
There is (very) important support for the SPX between 2040 and 2043. It will have to be broken decisively in order for the index to resume its long-term downtrend. The last two challenges to it have been met successfully at 2040 and 2026...