mcm daily market update 09.Feb.21
ST trend: neutral Yesterday we also noted that the trend was neutral, because after a prolonged up trend, FGSI was showing that both buyers and sellers were inefficient. We had…
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Discussion of Intermediate mcm Globex Sentiment Index Divergence today vs ES
/0 Comments/in UncategorizedBelow is an extraction from the members discussion re the Globex Sentiment Index and potential divergence (mentioned by Darryl) and why that was not the best data point in this…
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 Newsletter – Outlook for the week of 19-25 February
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle StudyThe market managed to bounce back from the lows registered on the previous Friday and last week saw only green daily candles painting. It reached now a bit higher than…
MCM Newsletter – Outlook for 2nd week of February
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle Study, mcm IndexesFinally 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…
MCM Newsletter – Outlook for Week 13-17th of November
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle StudyThe 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…
MCM Newsletter – Outlook for Week 5-9 of June
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle Study, mcm IndexesIn the previous newsletter we were warning that the action had nothing bearish in it and the EWT more bullish scenarios were becoming favorite. The market followed through last week…
MCM Newsletter – Outlook for Week of 23-27 October
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle StudyThe market took another 3 days to finish the wedge we were mentioning, within an annoyingly tight range. Thursday finally saw the resolution of that wedge with a decent pullback…
MCM Newsletter – Outlook for Week of 9-13 October
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle StudyThe 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…
MCM Newsletter – Outlook for 1st Week of October
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle Study, mcm IndexesNew 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…