S&P500 update: Are All Time Highs in the cards?!

I will be on vacation March 30 through April 5 and unable to provide any updates (my premium members will receive at least one daily update next week) so I wanted to share yesterday’s daily major market update with you as a possible road map. Simple click on the link below to access: Daily Major…

Dow Jones Update: The King is back!?

The rally off the December ’18 low has been rather relentless. My initial expectation in mid-January -see here– was for a three-wave rally (a, b, c) with wave-a to SPX2625-2640, wave-b to SPX2500 and then wave-c to SPX2780. However, price exceeded the wave-a target zone and topped at SPX2675, then dropped ~60p, consolidated, and here…

S&P500 Update: Fibonacci in reverse!?

Remember my posted from October in which I showed the picture-perfect Fibonacci-impulse-pattern the Russell2000 had followed through most of 2018? Well, let’s apply Fibonacci again but now to the S&P500 and in reverse -looking down instead of up- to help assess downside targets and upside-reversal targets for the current Bear Market we are experiencing. And…