mcm daily market update 19.May.22
ST 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…
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Archive for category: Commentary
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 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 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 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 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 20.Jul.22
/in Chart-Daily, Commentary, PublicST 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…
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 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…
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…