MCM Newsletter – Outlook for Week 29 May -2 June
Last week saw the market push towards new highs. There was nothing bearish about the action, quite the opposite in fact, the market being able to push past resistances and…
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Last week saw the market push towards new highs. There was nothing bearish about the action, quite the opposite in fact, the market being able to push past resistances and…
The market moved mostly sideways (with a light down bias) last week, before putting in some fireworks on Friday. The action on the last trading day of the week deserves…
Last week was another sideways week. Most of the action was on Tuesday, when also a rather large range (26 points). The other 3 days in the holiday shortened week…
The market pulled the old “W” pattern last week, making a low on Monday, then bouncing back up to test the ATH (which it missed by 3 points), then moving…
We are back after a 2-weeks summer holidays and it seems things got more interesting in the market with the volatility starting to pick up. The market made yet another…
The market it making history again making fresh ATH and closing very near them on Friday. It seems that the 3 waves decline we were mentioning last week (with the…
The market continued the bullish momentum and pushed to new ATHs after a brief pull-back into mid week. The high of the week was reached on Thursday, with Friday seeing…
The market moved mostly sideways in the past week, seemingly trying to catch its breath after the relentless upward push. It did manage to make marginal new highs in the…
The market did pretty much nothing last week, moving in a very tight range and all inside the limits of the previous Thursday’s range, which we were mentioning last week…
Last week saw volatility come back with a vengeance. A new ATH was reached on Tuesday with a spike-like move, but that was immediately sold off hard. SPX lost more…
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