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 monthly chart update

With the month of May now in the books, it’s time to review the monthly charts. Here we’ll take a look at the DOW JONES. What we can observe is that relative strength (RSI5) is very high (i.e. strong uptrend), but rather overbought and displaying slight negative divergence. Over the past 20 years similarly high…

SPX 2350 target reached, what’s next?

In August last year we already shared a very simple symmetry breakout target for the S&P500 of SPX2350, based on its long term chart, see here, and we’ve had this chart available to our premium members for even longer. This week the S&P500 reached that target, see below. Mission accomplished? Can we now sit and…

S&P500 update: how bad is it? Or is it bad at all?

Since our last market update, which outlines our preferred wave count (see here) we noticed that market sentiment appears rather negative these days albeit the market refusing to break down and instead time and time again launches itself back into the 2075-2100 zone, like it did on Friday, where it has resided for most of…