Change of Character

With the bullish day today, the US market confirmed a significant change of character. A significant change of character is when the market completely changes its directional inclination and puts its prevailing market structure at risk. In this case, the S&P500 confirmed a change in the the bearish inclination (which many experts would argue has […]... Read More

Struggle Continues…

The S&P500 did exactly what what I predicted it to last week, struggling around the 2050 level, moving in a largely sideways fashion to close lower at 2041. Yes, like I said last week, major trend changes rarely occurs in a V shape manner and a period of struggling around a major resistance level before […]... Read More

Fakeout As Expected…

Exactly as I mentioned in yesterday’s report to paid subscribers, I fully expected the market to stage a fakeout rebound today following the two bearish days. This was what I said yesterday: “Now, significant trend changes rarely occur in a V shape top so I won’t be surprised to see some strength coming into the […]... Read More

Decision Point…

Last Friday’s super heavyweight economic data pair both came in largely better than expected, which was of course largely beyond my expectation, and closed the S&P500 strongly in a breakout type of candle . Even though it looked like a typical breakout, the internals just don’t line up at all and investors just don’t seem […]... Read More

Uncertainty Ahead of Tomorrow’s Dynamic Duo…

The S&P500 prompted turned around today today following the deserted baby formation that I identified in yesterday’s report to paid subscribers. Here was what I said: “…formed what is known as a “Deserted Baby” candlestick formation today. This is a small bodied candlestick that is … usually precedes the formation of an evening star formation, […]... Read More