After a strong move last week away from the recent lows, some consolidation was expected and that’s exactly what we got this week. Monday was strong, cornering the late bulls, and then…
Tag: market
Market Update May 30th – Bulls Rebound
After seven straight red weeks, indicators have found some much-needed relief from the bear market pain and it looks like short-term bottoms are inside. Whether the strength can continue in the coming…
Market Update May 23: New Bottoms Abundant
Another week has come and gone and we find ourselves making new lows in two of the three major indicators. Although it looked as if the markets had begun to stabilize earlier…
Market Update May 16th: It’s Hammer Time
Another intense week in the markets has ended and we have found ourselves at key levels across the major indices. Although we are far from “out of the woods”, it seems we…
Market Update May 9 – Widening Formations Abound
The market continued its decline this week as all the major indices made fresh new lows. It’s hard to be optimistic in these circumstances, but a glimmer of hope lies in the…
Market Update May 2 – Markets on the Brink
The past few months have been a whirlwind for both the bulls and the bears, but it looks like we’ve now reached a major inflection point. With all major indices closing the…
Market update until April 25 – another tough week for bulls
This week concluded with massive selling pressure across all major indices. Thought there is little strength on Tuesday and Wednesday, on Thursday it cut the relay and all major currencies closed at…
Market Update Until April 4 – Build Week for Bulls
The week started off very strong, with all major indicators hitting their highest levels in early February. After Tuesday, the sellers gained control and the markets were sold off until Friday. However,…
Market update until April 11 – a frustrating week for bulls and bears
After the strength seen over the past few weeks, it is not surprising to see major indicators stall at key resistance levels this week. When we look at the daily time frame,…
Market Update Until April 18 – Weakness Continues
As we expected last week, the bearish momentum continued across all markets this week. New relative lows are recorded in SPY and QQQ, with a bright spot in IWM. There are some…