MCM Newsletter – Outlook for Week 25-29 September
The action seemed to slow last week, the market making a minor new high slowly into Wednesday, then pulling back slightly. From an EWT perspective, the bulls are still favorites…
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The action seemed to slow last week, the market making a minor new high slowly into Wednesday, then pulling back slightly. From an EWT perspective, the bulls are still favorites…
New week, new ATH seems to be the current turn of events. After a brief pull-back on Monday, the bulls quickly got back in the game and pushed the market…
The 1st week of October went to the bulls hands down. They managed a 5 green candles week, and a new ATH each day except Friday. As we have been…
The market put on the breaks last week after a very bullish start in October. It still managed to grind higher, but only slightly and this type of behavior resembles…
The market head-faked the bears last week. After a new ATH on Monday which was immediately sold, it declined 30+ points until the low it hit on Wednesday, but then…
Last week seemed uneventful compared to the previous 2 weeks. Monday made a new low, albeit minor, then bulls got back in the game by protecting that low with a…
The market moved mostly sideways last week, with a slight upward tilt. But even so, it managed to make a new ATH on Wednesday and finished the week very close…
The market made new ATHs last week, which is becoming something rather ordinary. However, it ended lower on a weekly basis, after retreating 30 points from the ATH to Thursday’s…
The market pushed ever upward last week making a new ATH at 2657. Then it experienced an interesting “flash crash” event on Friday, apparently on some “fake news”, which saw…
Finally the market stopped the relentless up move and had a rather panicky turn. A drop of more than 100 SPX points in one week is definitely something that draws…
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