Saturday, July 30, 2022

MTU Weekend Ed. - Inside Bar (7/29/22 close)

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The SPX registered an inside bar for the month July (Chart 1).  Overhead areas of interest are around the Jan low (4222) and 200-day SMA(434...
Sunday, July 24, 2022

MTU Weekend Ed. - MA50 (7/22/22 close)

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SPX has managed to stay above its May low and closed above its SMA50.  Overhead resistance around June High and Jan Low. 
2 comments:
Sunday, July 17, 2022

MTU Weekend Ed - May Low (7/15/22)

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SPX closed above May low for the 3rd time, into a zone between the Jan low and the May low.  How much time it spends in this zone will be te...
4 comments:
Saturday, July 9, 2022

MTU Weekend Ed. - Profile (7/8/22 close)

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The profile in SP500 has not changed over the past few weeks: a three wave (likely a double zig-zag) decline from its ATH, with the possibil...
Saturday, June 25, 2022

MTU Weekend Ed - Rebound (6/24/22)

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The potential wave four-down likely has seen its low (Chart 1), but price has not rebounded enough to exclude a bull-trapping ending diagona...
Saturday, June 18, 2022

MTU Weekend Ed - Tracking a Potential Fourth Wave (6/17/22 close)

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Tracking a potential fourth wave (Chart 1), while cognizant of the risk of a nested wave ones and wave twos down (currently in wave three!) ...
1 comment:
Sunday, June 12, 2022

MTU Weekend Ed - Retesting + Tracking Counts (6/10/22 close)

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Chart 1 - From the rebound high (blue (1)) or a potential orthodox high (grey (A)),  we have a three-wave deep retrace so far and a retest o...
1 comment: