mcm daily market update 16.Jun.21
ST trend: neutral Yesterday we were noting that the trend was up, but with a potential reversal pattern, as all GSIs were showing unconfirmed highs at the o/n high. That…
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Archive for category: Commentary
mcm daily market update 18.Jun.21
/in Charts, PublicST trend: down, with potential bounce attempt Yesterday we were noting that the ST trend was neutral as both sides were inefficient, as shown by FGSI (something which is happening…
mcm daily market update 06.Jul.21
/in Charts, PublicST trend: neutral (with bigger correction potential) On Friday we were noting that the trend was still up, as ML continued to hold and FGSI continued to paint confirmed highs….
mcm daily market update 7.Jul.21
/in Charts, PublicST trend: up Yesterday we were noting that the ST trend was neutral, but the set up was there for a bigger correction. ML did give way and we did…
mcm daily market update 8.Jul.21
/in Charts, PublicST trend: down (with potential bottoming attempt) Yesterday we were noting that the ST trend was up, as buyers stepped up and held a bullish EE set up on FGSI…
mcm daily market update 20.Jul.21
/in Chart-Daily, PublicST trend: neutral Yesterday we were noting that the ST trend was down, with a potential bottoming attempt (as FGSI was showing an unconfirmed low). We did warn that the…
mcm daily market update 21.Jul.21
/in Charts, PublicST trend: up (with potential topping pattern) Yesterday we were noting that the trend was neutral as both sides were showing inefficiency via FGSI. Because of the set up on…
MCM Newsletter – Outlook for 1st Week of October
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle Study, mcm IndexesNew week, new ATH seems to be the current turn of events. After a brief pull-back on Monday, the bulls quickly got back in the game and pushed the market…
MCM Newsletter – Outlook for Week 18-22 September
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle Study, mcm IndexesThe sideways action from two weeks ago was resolved last week in the same way we got used to in the last few years – up. Last week was certainly…
MCM Newsletter – Outlook for the Week 13 – 17 Mar
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle Study, mcm IndexesThe action seemed to change ever since the market hit the round numbers 2 weeks ago. The market made lower lows in 4 out of 5 trading days last week….