mcm daily market update 6.Dec.21
ST trend: neutral On Friday we were noting that the ST trend was neutral as both sides were inefficient via FGSI, having both bullish and bearish EE set up. The…
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Archive for category: Charts
mcm daily market update 13.Dec.21
/in Charts, PublicST trend: neutral On Friday we were mentioning that the ST trend was up with a potential topping pattern, as buyers had managed to win ML back, but FGSI was…
MCM Newsletter – Outlook for Week 19-23 of June
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle Study, Feature Article, mcm IndexesThe market pulled the old “W” pattern last week, making a low on Monday, then bouncing back up to test the ATH (which it missed by 3 points), then moving…
mcm daily market update 22.Jul.22
/in Chart-Daily, Commentary, Elliott Wave, PublicST trend: neutral (with potential larger topping pattern) Yesterday we were noting that the ST trend was neutral, as buyers were inefficient via FGSI, having put in bearish EE vs…
mcm daily market update 1.Sep.22
/in Charts, Elliott Wave, PublicMain trend: down ST trend: down Yesterday we noted that both the main and ST trend were down as all MLs are above price and red, while ML continues to…
mcm daily market update 17.Aug.22
/in Charts, Cycle Study, Elliott Wave, PublicMain trend: down ST trend: down Yesterday we noted that the ST trend was neutral as both sides were inefficient, while the main trend was up as buyers managed to…
mcm daily market update 12.Aug.22
/in Chart-Daily, Commentary, Elliott Wave, PublicST trend: neutral Yesterday we noted that the ST trend was up, as bulls continued to push higher and even avoided a ML test, which would have been the normal…
mcm daily market update 08.Aug.22
/in Charts, Cycle Study, Elliott Wave, PublicST trend: up On Friday the market gapped down big after the job numbers, however the bulls showed that they are still in control of the trend as they stepped…
mcm daily market update 29.Jul.22
/in Charts, PublicST trend: up Yesterday we noted that the ST trend was up, as buyers managed to consolidate sideways after the huge up squeeze off FOMC. We also mentioned that “As…
mcm daily market update 27.Jul.22
/in Charts, Elliott Wave, PublicST trend: neutral Yesterday bears took control since the o/n after dropping price below ML. The entire o/n session price was capped by ML and then they pushed price below…