Friday, April 19, 2024

Pullback

Short-term: Last week, the Bulls made another attempt to push higher but the Bears answered right back on Friday. This leads us to believe that...

Malaise

Short-term: Last week the Bulls did not do a good job of pushing higher. At the same time the Bears did not make any progress...

Bulls Need to Push

Short-term: As we expected we saw a bounce and move higher over the last week or so. Bulls need to continue to push higher here...

Range Likely to Continue

Short-term: Bulls failed last week in trying for a strong close to the week and ultimately for June. This likely means that the 5 month...

Key Time

Short-term: Last week, the Bears were able to cause some weakness. however, Bulls were still buying every dip. The Bears still have time to run...

Top of the Trading Range

Short-term: Last week we hit out 278 target right on the nose. Bulls were able to push the market to the very top of the...

Bullish Pressure Still Building

Short-term: Currently, the market is stuck in a small trading range within the much larger longer term range. Bullish pressure continues to build and the...

Bulls Make an Attempt at a Breakout

Short-term: It has been a busy few weeks weeks but nothing has changed in our forecast.  The market is still stuck in this long range...

Another Bounce is Due but Bulls are Weakening

Short-term: Last week, Bulls tried to break out of the 2 week range, only to fail once again near the top.  Some of our bounce...

Bounce is Due

Short-term: Bears attacked furiously last week. The S&P posted its worst weakly loss since January 2016. Bull immediately squandered their chance to regain control on...