Sunday, April 14, 2019

MTU Weekend Ed - ABC (4/12/19)

A potential ABC structure appears mature.  ES may be counted as a zigzag since the Dec low, but SPX counts better as a double zigzag-like structure.

Saturday, April 6, 2019

MTU Month-End Ed. - ABC (4/5/19)

As the rebound pushes on, potential (synchronized) ABC structures may be present in several indices (Chart 1 to Chart 3).  The larger-degree bull/bear tracking remain unchanged (Chart 4 and Chart 5).


Friday, March 8, 2019

MTU Weekend Ed. - Retrace (3/8/10)

SPX reacted to overhead resistance and is retracing its rebound from the December low (Chart 1).  The 50-week SMA offered some intraday support (Chart 1) but SPX closed below its 50-day SMA (Chart 2).  Time will tell if this is a minor retrace or a reversal (Chart 3).