MCM Newsletter – Outlook for the Week 27 Feb – 3 Mar
In the holiday shortened week, the market continued to defy gravity and made 2 new ATHs on Tuesday and Thursday. Apart from the initial ramp it moved more sideways, the…
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In the holiday shortened week, the market continued to defy gravity and made 2 new ATHs on Tuesday and Thursday. Apart from the initial ramp it moved more sideways, the…
The market continued its bullish character from the end of the previous week and broke out quite convincingly to the upside despite a zone of strong resistance. As a result,…
The market went sideways in the first 3 trading days of last week, not doing much of anything, before challenging and achieving new ATHs (all time highs) on Thursday and…
The market gaped down on Monday last week dropping more than 20 points from the previous weekly close to the daily low. The next day it made a lower low,…
The market finally broke the side-ways movement last week and moved decisively higher. Both ES and YM made new ATHs, ES breaking 2300 and YM 20.000. As a result, on…
After the new ATHs from 2 weeks ago, the market moved mostly sideways during last week, in a choppy move that looks more like a correction/consolidation than a change of…
The market moved sideways to lower in the first 4 trading days last week, with Friday bringing a stronger effort from the bull side with a push which came very…
The holiday shortened first week of 2017 had a strong bullish bias. The market advanced in almost all trading sessions and finished by making new all time highs on Friday….
Happy New Year! The market action in the last week of 2016 was on the bearish side. After attempting to continue the pre-Christmas bounce when the market reopened on Tuesday,…
Happy Holidays to everyone! The market action in the pre-holiday week was what one would expect. It looked like many participants decided to spend time shopping for presents instead of…
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