Strength is concentrated in the tech and the large-cap. The Nasdaq indices made new all-time highs. The large-cap indices are not far behind (Chart 1). The upswing from the Dec low is likely corrective based on its structure, so far (Chart 2 and Chart 3).
Disclaimer: Each post is for informational purposes only. It is not a solicitation, a recommendation or advice to buy or sell any security or investment product. Information provided in each post does not constitute investment advice.
Saturday, April 27, 2019
Sunday, April 21, 2019
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).
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