MCM Newsletter – Outlook for Week 11-15 September
Last week was another sideways week. Most of the action was on Tuesday, when also a rather large range (26 points). The other 3 days in the holiday shortened week…
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MCM Newsletter – Outlook for Week 18-22 September
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle Study, mcm IndexesThe sideways action from two weeks ago was resolved last week in the same way we got used to in the last few years – up. Last week was certainly…
MCM Newsletter – Outlook for Week 25-29 September
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle Study, mcm IndexesThe 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…
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…
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 Week of 16-20 October
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle StudyThe 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…
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 first Week of November
/0 Comments/in Chart-Daily, Charts, Commentary, Cycle StudyThe 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…
mcm daily market update 10.Feb.21
/in Charts, PublicST trend: up with reversal risk Last 2 days we had an apparent neutral trend in the o/n, with both buyers and sellers showing inefficiency in terms of ability to…
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…