mcm daily market update 20.Jul.22
ST trend: neutral (pullback to ML expected) Yesterday the market gapped up big then ran higher all day in an impressive show of strength from the bulls. In the o/n…
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Archive for category: Charts
mcm daily market update 8.Sep.22
/in Charts, Elliott WaveMain trend: neutral ST trend: up Buyers finally managed to stage a big up day yesterday, after all prior attempted bounced were sold hard intra-day for the past weeks. Not…
mcm daily market update 15.Jul.22
/in Charts, Elliott Wave, PublicST trend: neutral Yesterday we noted that the ST trend was down with potential bottoming process ongoing, as ML rejected price but FGSI was showing an unconfirmed low already. That…
mcm daily market update 11.Jul.22
/in Charts, Elliott Wave, PublicST trend: neutral On Friday we were noting that the ST trend was neutral as we had the normal pullback to ML after an up squeeze, but it was a…
mcm daily market update 06.Jul.22
/in Charts, Elliott Wave, PublicST trend: neutral The market threw in 2 “there and back again” moments as it took out Friday’s high in the o/n session, only to give up all those gains…
mcm daily market update 3.Jun.22
/in Charts, Elliott Wave, Public, Tick ToolsST trend: neutral (pullback to ML likely) Yesterday we were noting that the ST trend was neutral as FGSI was showing that neither side was in control. Buyers had won…
mcm daily market update 23.May.22
/in Charts, Elliott Wave, Media, PublicST trend: up On Friday we were noting that the o/n ST trend was up, however we did warn that “So for now things look bullish, however I still believe…
mcm daily market update 19.May.22
/in Charts, Elliott Wave, PublicST trend: down Yesterday the sellers showed the true nature of this market as they dropped SPX a whooping 4% and we had a gap ‘n go with relentless selling…
mcm daily market update 02.Sept.22
/in Chart-Daily, Commentary, Elliott Wave, PublicMain trend: down ST trend: up Yesterday we noted that both main and ST trend were down as all MLs were above price and red. Mkt kept getting rejected at…
mcm daily market update 16.Sep.22
/in Charts, Elliott Wave, PublicMT trend: down ST trend: down After the CPI print and rug pull on Tuesday, the bulls were unable to find their footing. Being an OPEX week, MMs did a…