Weekly Cycle Charts Explained
First some basic information about interpreting the cycles: cycle movements are like waves in nature. The stronger the wave, the more dissipation is needed to release the built-up energy there…
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First some basic information about interpreting the cycles: cycle movements are like waves in nature. The stronger the wave, the more dissipation is needed to release the built-up energy there…
Executive Summary: – Main Trend (weekly): neutral – Intermediate Trend (daily): up – Short-Term Trend (480&288min): up/neutral Details: The initial decline from the triggered resistance level on the weekly cycles…
The FED week was a good omen for the bulls and the market finally managed a small break-out above the choppy range in which it was stuck for a few…
ST trend: down (with bottoming attempt ongoing) On Friday we noted that the ST trend was down as sellers pushed prices to lows at the all important 4280 lvl and…
ST 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…
ST trend: up On Friday we were noting that the o/n ST trend was up, however we did warn that “So for now things look bullish, however I still believe…
Main 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…
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