MCM Newsletter – Outlook for Week 11-15 September
Last week was another sideways week. Most of the action was on Tuesday, when also a rather large range (26 points). The other 3 days in the holiday shortened week…
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Last week was another sideways week. Most of the action was on Tuesday, when also a rather large range (26 points). The other 3 days in the holiday shortened week…
The sideways action from two weeks ago was resolved last week in the same way we got used to in the last few years – up. Last week was certainly…
The action seemed to slow last week, the market making a minor new high slowly into Wednesday, then pulling back slightly. From an EWT perspective, the bulls are still favorites…
New week, new ATH seems to be the current turn of events. After a brief pull-back on Monday, the bulls quickly got back in the game and pushed the market…
The 1st week of October went to the bulls hands down. They managed a 5 green candles week, and a new ATH each day except Friday. As we have been…
The market put on the breaks last week after a very bullish start in October. It still managed to grind higher, but only slightly and this type of behavior resembles…
The market took another 3 days to finish the wedge we were mentioning, within an annoyingly tight range. Thursday finally saw the resolution of that wedge with a decent pullback…
The market moved mostly sideways last week, with a slight upward tilt. But even so, it managed to make a new ATH on Wednesday and finished the week very close…
ST trend: up with reversal risk Last 2 days we had an apparent neutral trend in the o/n, with both buyers and sellers showing inefficiency in terms of ability to…
The market made new ATHs last week, which is becoming something rather ordinary. However, it ended lower on a weekly basis, after retreating 30 points from the ATH to Thursday’s…
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