mcm daily market update 5.Mar.21
ST trend: neutral (with bearish risk) It seems the market stopped tipping its hand in the o/n session and keeps things in suspense until the cash market open. For several…
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Archive for category: Charts
mcm daily market update 26.Feb.21
/in ChartsST trend: up (attempted bottom) Yesterday we noted that the trend was up, with whipsaw risks, as FGSI showed that also buyers were inefficient. The whipsaw risk turned into full…
mcm daily market update 10.Feb.21
/in Charts, PublicST 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…
MCM Newsletter – Outlook for Week 13-17th of November
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle StudyThe 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…
mcm daily market update 09.Feb.21
/in Charts, PublicST trend: neutral Yesterday we also noted that the trend was neutral, because after a prolonged up trend, FGSI was showing that both buyers and sellers were inefficient. We had…
mcm daily market update 04.feb.21
/in Charts, PublicST trend: up After the weakness into the close, mkt continued lower, but put in a very bullish situation at the o/n lows. Not only there was extreme pessimism on…
MCM Newsletter – Outlook for 1st week of March
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle StudyThe 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…
MCM Newsletter – Outlook for the week of 19-25 February
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle StudyThe market managed to bounce back from the lows registered on the previous Friday and last week saw only green daily candles painting. It reached now a bit higher than…
MCM Newsletter – Outlook for 2nd week of February
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle Study, mcm IndexesFinally the market stopped the relentless up move and had a rather panicky turn. A drop of more than 100 SPX points in one week is definitely something that draws…
MCM Newsletter – Outlook for Week 1st week of December
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle StudyThe market pushed ever upward last week making a new ATH at 2657. Then it experienced an interesting “flash crash” event on Friday, apparently on some “fake news”, which saw…