Entries by mcm-Alex

MCM Newsletter – Outlook for Week 29 May -2 June

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 into new ATHs. From an EWT stand-point the picture is becoming increasingly complicated. The more complex correction is still possible, albeit not favourite anymore. For this […]

MCM Newsletter for Week 17-21 Apr

After moving sideways 2 weeks ago, the holiday shortened week brought a clearer direction, which was down. The market was weak in all 4 trading days and finished at the lows on Thursday. The short term EWT scenario we kept referencing is very close to a resolution now. The low close to 2320 is all […]

MCM Newsletter – Outlook for the Week 10 – 14 Apr

The market didn’t do much of anything last week, probably trying to prove that sideways is also a direction. We did get a higher high vs the previous week on Wednesday, but still finished the week lower. No change in our EWT (short term) scenarios - we still have a 3 wave correction from the […]