MCM Newsletter – Outlook for the Week 9-13 January
The holiday shortened first week of 2017 had a strong bullish bias. The market advanced in almost all trading sessions and finished by making new all time highs on Friday….
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Archive for category: Cycle Study
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 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.Nov.22
/in Chart-Daily, Charts, Commentary, Cycle Study, PublicMain trend: up ST trend: neutral Markets finished last week undecided putting in an indecision doji, ending the week near the lvl where they started, with long tails both up…
mcm daily market update 18.Nov.22
/in Commentary, PublicMain trend: up ST trend: up The market flushed yesterday in a pretty violent manner opening with a large 50+ points gap down, however bulls managed to defend the prior…
mcm daily market update 7.Nov.22
/in Chart-Intraday, Commentary, Cycle Study, PublicMain trend: neutral ST trend: up Things were looking pretty grim for bulls last week after a hawkish FED broke the up trend, price slicing below all MLs and some…
mcm daily market update 27.Oct.22
/in Charts, Cycle Study, Elliott Wave, PublicMain trend: up ST trend: neutral Yesterday the market continued to push higher after holding ML once again. Bulls almost touched 3900 ES, before bears finally emerged and we had…
mcm daily market update 12.Oct.22
/in Chart-Intraday, Commentary, Cycle Study, PublicMain trend: down ST Trend: neutral Yesterday the market dropped to new lows, before staging a face ripping rally until lunch time. After that the BOE crushed the bulls’ hopes…
mcm daily market update 10.Oct.22
/in Chart-Intraday, Commentary, Cycle Study, PublicMain trend: down ST trend: down Friday the market finally revealed its intentions after the back and forth on Wed-Thu. The NFP numbers coming out at 8:30am were the final…
mcm daily market update 3.Oct.22
/in Chart-Intraday, Commentary, Cycle Study, PublicMain trend: down ST trend: down On Friday the market managed to stage a nice bounce back to the 3680ish zone before failing and flushing to new lows. I mentioned…