MCM Newsletter – Outlook for Week 12-16 of June
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…
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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…
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…
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 was the most bullish one in quite a while. Tuesday put in a low in the o/n on the North Korea missile test news, but from there the…
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 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 higher during the past week, ending around 20 points higher on a weekly basis. The low at 2320 held (despite being tested in the overnight on Monday),…
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…
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…
The last week of March saw the bulls come back from being a bit on the run the week before. Monday saw the market make a new low and spiked…
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