mcm Market Update for Week 44
The action over the past week was decisively bearish. The market continued the downside movement started 2 weeks ago and declined in all 5 trading sessions reaching a 70 points…
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The action over the past week was decisively bearish. The market continued the downside movement started 2 weeks ago and declined in all 5 trading sessions reaching a 70 points…
What a week! It’s hard to keep the exclamations away in a week that saw an intra-day drop of more than ES 100 points to reach a limit down suspension…
Compared to the election week Brexit type event, last week saw things calming down. Although the intra-day swings in ES were 20+ points in the first 2 trading days and…
After the silent grind higher from 2 weeks ago, which had us question whether it was the calm before the storm, last week didn’t bring the storm just yet. But…
Executive Summary: – Main Trend (weekly): up – Intermediate Trend (daily): up – Short-Term Trend (480&288min): down/neutral Details: As mentioned already several times in the previous newsletters, the normal expectation…
After the brief pull-back from 2 weeks ago, last week saw the bulls come back with a vengeance. And they managed a week for the history books, the market closing…
Last week was a bit dull compared to the one 2 weeks ago, but the market was still able to make a new ATH on Tuesday the 13th. After that,…
Happy Holidays to everyone! The market action in the pre-holiday week was what one would expect. It looked like many participants decided to spend time shopping for presents instead of…
Happy New Year! The market action in the last week of 2016 was on the bearish side. After attempting to continue the pre-Christmas bounce when the market reopened on Tuesday,…
The holiday shortened first week of 2017 had a strong bullish bias. The market advanced in almost all trading sessions and finished by making new all time highs on Friday….
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