MCM Newsletter – Outlook for the 1st Week of May
The market continued to move higher last week and did so more convincingly than the previous week. It opened on Monday with a gap up of more than 20 points…
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The market continued to move higher last week and did so more convincingly than the previous week. It opened on Monday with a gap up of more than 20 points…
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…
Last week saw the return of volatility to the market. After 2 days of consecutive new ATHs on Mon-Tue, the market saw a big down gap on Wed, which finished…
Last week saw the market push towards new highs. There was nothing bearish about the action, quite the opposite in fact, the market being able to push past resistances and…
In the previous newsletter we were warning that the action had nothing bearish in it and the EWT more bullish scenarios were becoming favorite. The market followed through last week…
The market moved mostly sideways (with a light down bias) last week, before putting in some fireworks on Friday. The action on the last trading day of the week deserves…
The market pulled the old “W” pattern last week, making a low on Monday, then bouncing back up to test the ATH (which it missed by 3 points), then moving…
ST trend: up Yesterday we noted that the ST trend was up, as buyers managed to consolidate sideways after the huge up squeeze off FOMC. We also mentioned that “As…
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