MCM Newsletter – Outlook for the Week 27 – 31 Mar
Last week provided the most interesting week in quite a while. For the EWT fans, the classical 3 wave bounce we were mentioning last week proved to be exactly what…
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Last week provided the most interesting week in quite a while. For the EWT fans, the classical 3 wave bounce we were mentioning last week proved to be exactly what…
The market finished a rather uneventful week, despite the FED raising rates. Wednesday provided the most interesting session, having finished 20 points above Tuesday’s close. The last 2 days saw…
The action seemed to change ever since the market hit the round numbers 2 weeks ago. The market made lower lows in 4 out of 5 trading days last week….
Last week was another one for the history books. The last 2 days of February seem uneventful in retrospect, although the market did make a new ATH on Monday before…
Last week seemed uneventful compared to the previous 2 weeks. Monday made a new low, albeit minor, then bulls got back in the game by protecting that low with a…
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 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 made a lower high last week, very close to the 76,4% retrace of the entire decline off the ATH and then dropped with conviction. More than 140 points…
Main trend: down ST trend: down Yesterday I alerted the members in the mcm chatroom that if bulls were unable to defend the opening SE Xtick and at least try…
Main trend: down ST trend: down The market put in a high near 4100 last week before pulling back from there. 200DMA is also there plus several technical resistances, including…
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