mcm daily market update 22.Apr.22
ST trend: down (with potential bottoming attempt) Yesterday we saw one of the biggest reversal ever recorded. After the RTH open, buyers pushed higher strongly and triggered a BE on…
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mcm daily market update 18.Feb.22
/in Charts, PublicST trend: down (with potential ST bounce attempt) Yesterday we were noting that the ST trend was neutral as both sides were inefficient via FGSI and ML was being whipsawed…
mcm daily market update 25.Apr.22
/in Charts, PublicST trend: down (with bottoming attempt) On Friday we were noting that the ST trend was down with potential bottoming attempt, as we had the potential for a bottom with…
mcm daily market update 02.May.22
/in Chart-Daily, Commentary, PublicST trend: neutral On Friday we had another full-on bearish day, similar to the previous week action on Thursday-Friday. After a gap down, which was never completely filled, buyers were…
mcm daily market update 12.May.22
/in Charts, Media, PublicST trend: down (with bottoming attempt) Yesterday we were noting that the ST trend was up as buyers had regained ML and sellers were inefficient on the pullbacks. We did…
mcm daily market update 16.May.22
/in Charts, PublicST trend: neutral On Friday we were noting that the ST trend was up as buyers had rallied off unconfirmed lows and won back ML, while sellers were very inefficient…
mcm daily market update 19.May.22
/in Charts, Elliott Wave, PublicST trend: down Yesterday the sellers showed the true nature of this market as they dropped SPX a whooping 4% and we had a gap ‘n go with relentless selling…
mcm daily market update 23.May.22
/in Charts, Elliott Wave, Media, PublicST trend: up On Friday we were noting that the o/n ST trend was up, however we did warn that “So for now things look bullish, however I still believe…
mcm daily market update 3.Jun.22
/in Charts, Elliott Wave, Public, Tick ToolsST trend: neutral (pullback to ML likely) Yesterday we were noting that the ST trend was neutral as FGSI was showing that neither side was in control. Buyers had won…
mcm daily market update 06.Jul.22
/in Charts, Elliott Wave, PublicST trend: neutral The market threw in 2 “there and back again” moments as it took out Friday’s high in the o/n session, only to give up all those gains…