What is market breadth telling us?

Sometimes we should move away from looking at price (charts) only and assess other charts to determine the likelihood of continued downside or upside and/or which direction the next larger and longer term move will be so we can position ourselves more properly. For this we have several charts to our disposal, and here we’d like…

Is the triple confirmation setup here?

Over the weekend we were looking for the following setups and price targets: SPX: 2117, price to open and close entirely outside (below) its lower bollinger band NYMO: two consecutive closes outside (below) its lower bollinger band VIX: close above its upper bollinger band Although we got a rip roaring rally on Monday when price…

Can we get a triple confirmation for a low?

Last week we showed the possible nested 1st and 2nd waves on the DOW as a strong possibility because the S&P500 was unable to break below it’s August 2148 low. We had to wait till Friday to finally get that break lower (remember the market is all about possibilities, not certainties). Friday made in fact our lives…

Is the market ready for a strong move!?

Today we wanted to share our “very bullish count” we’ve been tracking for our members for weeks now on the DOW; it is a set of nested 1st and 2nd waves, with the 3rd of a 3rd wave just around the corner. The market has simple not been able to invalidate this count as it has…