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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mcm Weekly Wrap_Week 36
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle Study, Elliott Wave, Feature Article Expert LoungeAfter being range bound for quite a while the market finally broke out, or better said broke down. The brutality of the decline was surprising, the market losing approximately 80…
MCM Newsletter – Outlook for Week 1st week of December
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle StudyThe 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…
mcm daily market update 4.Feb.22
/in Charts, PublicST trend: down (with potential bottom attempt shaping up) Yesterday we were noting that the ST trend was down, with a bounce attempt, as buyers had put in another unconfirmed…
mcm daily market update 17.Dec.21
/in Charts, PublicST trend: down Yesterday we were noting that the trend was up as buyers continued to build on the big FOMC bounce and sellers kept being inefficient on the tiny…
mcm daily market update 16.Dec.21
/in Charts, PublicST trend: up Yesterday we were noting that the ST trend is neutral as both sides were inefficient. We also mentioned that the prior day low was a big line…
mcm daily market update 11.Oct.21
/in Charts, PublicST trend: down On Friday we were mentioning that the ST trend was neutral, as both sides were showing inefficiency via FGSI. The session on Friday didn’t do much to…
mcm daily market update 23.Aug.21
/in Charts, PublicST trend: up On Friday we were noting that the ST trend was neutral as in the o/n (ES was at 4385 at the time), both sides were looking inefficient…
mcm daily market update 13.Aug.21
/in Charts, PublicST trend: up (with potential pullback set-up) Yesterday we were mentioning that the ST trend was up, with a potential topping pattern, as both FGSI and IGSI were showing unconfirmed…
mcm daily market update 23.Jul.21
/in Charts, PublicST trend: up (with potential ST pullback) Yesterday we were noting that the trend was still up, as sellers were inefficient, but were warning that a pullback could be coming…