mcm daily market update 6.Dec.22
Main trend: down ST trend: down The market put in a high near 4100 last week before pulling back from there. 200DMA is also there plus several technical resistances, including…
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Archive for category: Commentary
mcm daily market update 16.Dec.22
/in Chart-Intraday, Commentary, Cycle Study, Elliott Wave, Media, PublicMain trend: down ST trend: down Yesterday I alerted the members in the mcm chatroom that if bulls were unable to defend the opening SE Xtick and at least try…
mcm daily market update 21.Dec.22
/in Charts, Cycle Study, PublicMain trend: down ST trend: up After 5 straight red days, and a whooping 300 points loss, SPX finally put in a green candle yesterday. Not only that, but bulls…
mcm market update 30.Jan.23
/in Chart-Intraday, Commentary, PublicMain trend: neutral ST trend: down The market rallied relentlessly in the last weeks, with every drop attempt being bought aggressively. Also of note is that the market saw up…
mcm daily market update 17.Aug.22
/in Charts, Cycle Study, Elliott Wave, PublicMain trend: down ST trend: down Yesterday we noted that the ST trend was neutral as both sides were inefficient, while the main trend was up as buyers managed to…
mcm daily market update 12.Aug.22
/in Chart-Daily, Commentary, Elliott Wave, PublicST trend: neutral Yesterday we noted that the ST trend was up, as bulls continued to push higher and even avoided a ML test, which would have been the normal…
mcm daily market update 14.Mar.22
/in Charts, PublicST trend: down (with potential bottoming attempt) On Friday we were noting that the ST trend was up with potential topping pattern, as FGSI and IGSI were at extreme optimism…
mcm daily market update 12.May.22
/in Charts, Media, PublicST trend: down (with bottoming attempt) Yesterday we were noting that the ST trend was up as buyers had regained ML and sellers were inefficient on the pullbacks. We did…
mcm daily market update 16.Mar.22
/in Charts, PublicST trend: up (with potential topping pattern) Yesterday we had a huge reversal day and up squeeze. FGSI and IGSI both signalled an unconfirmed low at the o/n LOD, and…
mcm daily market update 23.Mar.22
/in Charts, PublicST trend: down (larger correction attempt) Yesterday we were noting that the ST trend was up as buyers had held another ML test and bounced off it. Indeed from our…