Underlying Bullishness in Treasuries

The ABC consolidation into the November low in Treasuries is very clear.  The move up from there also looks like 5 waves up.
by Zac Mannes - 10 hours ago

Leaning Bullish After Consolidation Completes

With the market barely moving, the Bayesian Timing Signal (BTS) is presently neutral after locking in profits last week, as the SPDR S&P 500 ETF (SPY) dances between 308-314.
by Luke Miller - 1 day ago

More High-Level Consolidation Ahead?

Friday closed at 3146.5 on the ES with the decisive breakout above the 3125 micro resistance derived from Wednesday and Thursday range days. The weekly candle also closed as a massive doji with its range spanning 3158-3069.50 indicating more high-level consolidation is ahead unless the levels get taken out immediately.
by Ricky Wen - 2 days ago

Nightly Crypto Report: Trying To Break Upward

The same indicator that told me yesterday would fail is showing the opposite today.
by Ryan Wilday - 6 days ago

NDX Could Still See Lower Low Prior to Breakout

My base case at this point in time is still that we will see a lower low under yesterday's low prior to breaking back up over the 8641 high on the NDX.
by Mike Golembesky - 1 week ago

Decision Time For The Market

With the downside further follow through today, the market has now placed itself in a position where it will make a relatively important decision based upon my work.
by Avi Gilburt - 1 week ago

Bears Drop Ball ... Again

Bears dropped the ball once again, and with that most of our models were forced back into buy signals again before the weakness on Friday pushed us out of our trading longs right at the end of the week.
by Princely Mathew - 1 week ago

MarketMood Friday: What Will the Bears Do with this One?

The mood pattern for Thursday and Friday is a combination topping pattern and slight bearishness.
by Dr. Cari Bourette - 2 weeks ago

No Changes, Pavlov’s Dog Heading into Holidays

Nothing has changed with the BTFD thesis when the market remains in a trending mode and especially when above daily 8EMA/20EMA.
by Ricky Wen - 2 weeks ago

Still No Resolution On The US Dollar

After taking a bit of a breather the previous week, the US Dollar Index (DXY) this past week moved higher once again which has left the door open to still seeing this resolve in multiple different paths.
by Mike Golembesky - 2 weeks ago

Nightly Crypto Report: The Cookie Crumbled

The bottom line is the long term is fine until the key levels mentioned above in Bitcoin, GBTC and Ether are taken out.
by Ryan Wilday - 2 weeks ago

SPY At Important Bayesian Resistance Region

The SPDR S&P 500 ETF (SPY) continues its attack on the resistance zone of 308-311s, and as of Nov 15 SPY hit the upper end of that range.
by Luke Miller - 3 weeks ago

Market Plays Into Our Path, Rallying Into OPEX

If we do get a dip over the next few weeks, it should be another opportunity to get long the market for a year-end rally.
by Princely Mathew - 3 weeks ago

Bulls Looking For Break Through High-Level Consolidation

Bulls are gearing for a daily closing print above 3100 on the S&P 500 that they’ve been battling against for 2 weeks now in terms of the high-level consolidation.
by Ricky Wen - 3 weeks ago

Bottoming In Progress For Metals

It is highly likely that gold and silver are now in the final stages of this c-wave pullback, and will begin the next rally phase in the near term.
by Avi Gilburt - 4 weeks ago

Nightly Crypto Report: Bitcoin Only 3 Waves Up Off Low

Bitcoin is more convincing than Ethereum here, because it dropped to a new low in our wave two correction.
by Ryan Wilday - 1 month ago

Several Paths Now Open As Dollar Fails To Make Another Low

Failure to follow-through has now left the door open to several possible paths for the US Dollar, one of which is yet another high prior to seeing a larger degree top.
by Mike Golembesky - 1 month ago

Eye on Earnings

Our Stocks Waves Charts of the Day video covers stocks that reported earnings Wednesday, including Wynn Resorts, Limited (WYNN), QUALCOMM Incorporated (QCOM), and Roku, Inc.
by Zac Mannes - 1 month ago

Ceiling to Bullish Leg Higher Appears Imminent

Our Bayesian Timing System sees a pullback to 300-303 at minimum in the SPDR S&P 500 ETF (SPY) before any longer-term bullish leg can develop.
by Luke Miller - 1 month ago

Uber Strength From Bulls

The last week of October alongside with the monthly+weekly closing prints played out as expected with the bull train continuing the acceleration into new all time highs.
by Ricky Wen - 1 month ago

Positioning Along Path Of Least Resistance

I noted in my weekend update last Sunday that I expected a rally in the 3040's last week, and the S&P 500 did that and more.
by Princely Mathew - 1 month ago

Stock Charts Video: EOG, WYNN, MMM & More

Today's Stock Waves Charts of the Day video covers EOG Resources, Inc. (EOG), Wynn Resorts, Limited (WYNN), 3M Company (MMM), General Electric Company (GE) and Netflix, Inc. (NFLX).
by Garrett Patten - 1 month ago

Local Bottom for VXX?

Yesterday the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) bounced off of the 200% Fib extension almost on the nose, which is a good signal that we may have formed at least a local bottom.
by Mike Golembesky - 1 month ago

Market Keeps Grinding Out Higher Lows and Higher Highs

The main takeaway from the 4th week of October is that the bulls are doing what was expected and keeping the trend strong and alive heading into the month end print.
by Ricky Wen - 1 month ago

It’s Déjà Vu All Over Again

It will likely take several more months before the market makes its intentions clear as to whether we are going to rally to that 3800-4100 S&P 500 (SPX) region sooner rather than later.
by Avi Gilburt - 1 month ago