MCM Newsletter – Outlook for Week 13-17th of November
The 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…
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Archive for category: Commentary
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…
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 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 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 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 Newsletter – Outlook for Week 25-29 September
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle Study, mcm IndexesThe action seemed to slow last week, the market making a minor new high slowly into Wednesday, then pulling back slightly. From an EWT perspective, the bulls are still favorites…
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 daily market update 5.Mar.21
/in Charts, PublicST 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…
Lessons learned part 3
/in Chart-Intraday, Commentary, Public, UncategorizedLast week we had fireworks again, with the first 3 days being very bearish, while Thu-Fri provided a vertical V-shape rebound, with up gaps on the cash sessions on both…