May Closed At Dead Highs As Expected, Continued Bullishness Into June

The bulls accomplished their key goal by ending the May monthly closing print at the dead highs in order to enhance the odds for upside momentum.
by Ricky Wen - 1 day ago

MarketMood Weekend: Can We Get Along?

MMI is showing a mixed weekend with a net down move expected by Monday open.
by Dr. Cari Bourette - 3 days ago

Bayesian Probabilities 2 to 1 In Favor Of Continued Strength

After locking in profits on our shorts last week and cumulative gains of 8% this week on our long positions, the Bayesian Timing System (BTS) wasted no time getting back in the game with another long trigger into the selloff in the morning on May 27.
by Luke Miller - 5 days ago

Almost At The Target

If you have been following closely, I have wanted to see the market rally to the 3020-3080SPX region to complete wave [3] in blue on my charts.
by Avi Gilburt - 1 week ago

Patterns Getting Quite Full

We still do not have an initial signal of a top just yet, but the pattern on the Nasdaq 100, like with the Russell 2000, is getting quite full.
by Mike Golembesky - 1 week ago

Slight Edge To The Bulls

Price action supports more bullish outcomes playing out at least until the 3050 area on the Emini S&P 500 (ES), which would be confirmed with a breakout over 2976.
by Princely Mathew - 1 week ago

A Flush Does a Crypto Right

I remain looking up on Bitcoin and Ether with caveats listed here within.
by Ryan Wilday - 1 week ago

Bears Running Out Of Time

Bears had another perfect opportunity to capitalize on wrapping up the week at the lows, but they failed to do anything concrete.
by Ricky Wen - 2 weeks ago

Subtle Shift Back Over Resistance In Metals

The pushes higher in Silver Futures (SI) and Gold Futures (GC) further reduced but did not yet eliminate the risk of more complex consolidation before continued upside.
by Zac Mannes - 2 weeks ago

Bayes Signals Remain Short

Will we get a sell-off into the last week of May for that other vibration window alignment relative low?   Time will tell, but the Bayesian signals remain short.
by Luke Miller - 2 weeks ago

Where Fundamentals Meet Technicals: TSLA and XLF

Investors have flocked into mega-cap growth tech names as well as stocks like Tesla (TSLA).
by Lyn Alden Schwartzer - 2 weeks ago

Local Top Forming For Nasdaq?

The structure of the NDX move up off the 8562 low now counts better as a 3-wave move rather than a full 5 up.
by Mike Golembesky - 3 weeks ago

Bears Have A Set-Up

The bears have a set-up to break down below today’s low and follow through below 2870ES (2880SPX) support to open the door to the 2700-2750SPX region for the [c] wave of wave [4].
by Avi Gilburt - 3 weeks ago

Are World Markets Topping?

The odds of price extending the rally versus rolling over are quite close in the European & Asian markets we cover, but here are the breakout/breakdown levels to watch.
by Garrett Patten - 3 weeks ago

Local Top In Bitcoin?

Last night we finally saw the action commensurate with a local top. The question on my mind is whether we see one more wave higher, or start to barrel lower for many weeks.
by Ryan Wilday - 3 weeks ago

Bullish Consolidation Pattern

The past 3 days has been playing a bullish consolidation pattern given the ongoing bull train/trend setup above daily 20 EMA.
by Ricky Wen - 3 weeks ago

Continuing To Lean Bearish on SPY

With SPDR S&P 500 ETF (SPY) in a vibration window and still struggling to get thru 286-289 resistance, our Bayesian Probabilities (BP) continue to lean bearish.
by Luke Miller - 3 weeks ago

Fibonacci Set-Up in TDOC

Besides the price support that is currently holding, we also have some timing factors for a possible low.
by Carolyn Boroden - 4 weeks ago

Locking In Gains Ahead Of Next Set-Up

Price overshot my 2930 target level on the S&P 500 by a bit before the expected selloff began.
by Princely Mathew - 4 weeks ago

USD Moves Lower

Last week I noted that the US Dollar may not be far away from a sharp reversal after grinding higher into the end of the week.
by Mike Golembesky - 4 weeks ago

GDX: A Real-Time Practical Approach to Using Fib Pinball.

Using this approach of Fibonacci Pinball allows us to have real levels to test and track a working hypothesis and navigate the uncertainty.
by Jason Appel - 1 month ago

Bayesian Probabilities Lean Bearish

Bearish Bayesian probabilities (BPs) are still stronger than bullish ones, with a 72% probability the SPDR S&P 500 ETF (SPY) continues to stall in the 290s and begins a descent back to at least the low 270s.
by Luke Miller - 1 month ago

Putting The Market Into Context

When you consider that the last 30% of the rally has the most risk, and that even if the market does complete all 5 waves up into the 3200-3300 SPX region it will still pull back below 2900 in wave ii later this year, you have to really consider whether you, as an investor, wants to take that additional risk.
by Avi Gilburt - 1 month ago

Nasdaq Breaking Out, But ...

The break higher in the Nasdaq 100 should take the shape of an abc up off of yesterday's low and will likely be a very muted move.
by Mike Golembesky - 1 month ago

Bears Fumble - Market Analysis on Apr 27th, 2020

The billion dollar question for this week is quite simple:  Could bulls score in a big way and break above the 2875/2885 range high resistance levels on the Emini S&P 500 (ES), squeezing into 2930 and beyond?
by Ricky Wen - 1 month ago