mcm daily market update 06.Jul.21
ST trend: neutral (with bigger correction potential) On Friday we were noting that the trend was still up, as ML continued to hold and FGSI continued to paint confirmed highs….
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Archive for category: Public
mcm daily market update 7.Jul.21
/in Charts, PublicST trend: up Yesterday we were noting that the ST trend was neutral, but the set up was there for a bigger correction. ML did give way and we did…
ES – Current Set-up
/0 Comments/in Chart-Daily, Commentary, Cycle Study, mcm Indexes, Public PublicRecently there have been two significant developments in the market. First, a resistance level triggered on the weekly cycles signaling the crest (peak) of the current wave which started at…
MCM Newsletter – Outlook for Week 25 Apr – 30 Apr
/0 Comments/in Charts, Cycle Study, mcm Indexes, Public PublicExecutive Summary: – Main Trend (weekly): neutral – Intermediate Trend (daily): up – Short-Term Trend (480&288min): neutral/up Details: Not too much to be said about the weekly cycles. The situation…
Breadth Continues to Breakdown and Ratio in Acceleration Pattern
/0 Comments/in Chart-Daily, Expert Lounge, mcm Indexes, Public PublicIn a further deterioration of an already unhealthy situation, S&P500 Equal-Weight is continuing to weaken against the S&P500 Capitalization Weighted Index. This situation tends to have longer-term and short-term impacts….
Using the mcm-CCI on RSI Cycles part 1
/1 Comment/in Charts, Public PublicThe mcm-CCI addition to the RSI Cycles turned an already useful tool into something so powerful that it quickly became my main reference for intra-day trading. I have seen it…
Potential Running Correction Could Setup Framework for Accelleration
/0 Comments/in Chart-Daily, Expert Lounge, Public PublicIn an ominous potential for the Christmas Season, a potential downward acceleration pattern is setting up. The same pattern preceded the August decline and also a positive running correction triggered…
Projections for Bounce Sometime Next Week in DAX
/0 Comments/in Chart-Daily, Daily Projections, Expert Lounge, Market Structure Projection, Public PublicThe DAX market has tracked MSP well and is looking for an interim balance into Christmas starting sometime next week. As has been posted throughout these pages by breaking below…
Weekly Cycles Are Just Turning – Needing Time to Resolve
/0 Comments/in Chart-Daily, Cycle Study, Expert Lounge, Public PublicLast week was a tough week for risk assets as expected. The next few days are key as ideally timing for a bounce exists this coming week it is possible,…
FED Speak, FED Hike, FED Squawk – Some Disccusion
/0 Comments/in CommentaryYesterday we posted these comments regarding the FED: Another anecdotal issue is that the FED is due to report their unbelievably tortured analysis and process geared to raise interest rates…