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…
Last week saw the return of volatility to the market. After 2 days of consecutive new ATHs on Mon-Tue, the market saw a big down gap on Wed, which finished…
The market moved sideways to lower in the first 4 trading days last week, with Friday bringing a stronger effort from the bull side with a push which came very…
The market continued to move higher last week and did so more convincingly than the previous week. It opened on Monday with a gap up of more than 20 points…
After moving sideways 2 weeks ago, the holiday shortened week brought a clearer direction, which was down. The market was weak in all 4 trading days and finished at the…
Last week was very spectacular and continued with even higher volatility than 2 weeks ago. After gaping up and moving higher into Wednesday, Thursday was again a bad omen for…
The market didn’t do much of anything last week, probably trying to prove that sideways is also a direction. We did get a higher high vs the previous week on…
The last week of March saw the bulls come back from being a bit on the run the week before. Monday saw the market make a new low and spiked…
Last week provided the most interesting week in quite a while. For the EWT fans, the classical 3 wave bounce we were mentioning last week proved to be exactly what…
The market finished a rather uneventful week, despite the FED raising rates. Wednesday provided the most interesting session, having finished 20 points above Tuesday’s close. The last 2 days saw…
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