Latest Posts

Natural Gas via UNG 2017-04-07

When I last visited UNG, I was looking for a low and a turn up with the daily cycle. This has played out and should now look for a retrace lower over the course of several weeks.

The Day Ahead 2017-04-07

Equity futures had a quick dip lower last night on the news of the cruise missile strike in Syria but have regained the drop ahead of the NFP. This is in harmony with the two leading wave counts which still point up.

The Day Ahead 2017-04-06

The market didn’t care for the FOMC mentioning that stock prices as “quite high”. Still, I caution against getting too bearish just yet.

The Day Ahead 2017-04-05

Note: Fixed crude resists The market is pretty resilient which is conducive to both of the scenarios that I am keeping an eye on. One, that the high at the start of March is a wave (iii) high and now in the middle part of a wave (iv) correction that can take prices modestly higher […]

S&P 500 (SPX) Update

There was an error in support values in the morning chart. Decided to make a separate post instead of replacing the previous one. The theme is the same. A new low improves the form but if they begin to push past resist, 2359 SPX, a small short squeeze can start.

The Day Ahead 2017-04-04

Not sure what to think of the drop in SPX yesterday. It may have been a wave ii though it was just short of better wave ii targets. It may be good enough though think it best to assume an attempt lower this morning before a rally attempt.

The Day Ahead 2017-04-03

The S&P 500 (SPX) is having a tough time with the 2372 area but I still think there will be an eventual break and push to at least the next zone at 2386. There may be a couple points of drop in the morning but watch for morning support holding and a renewed assault on […]

The Day Ahead 2017-03-31

The possibility of a modest pullback in the S&P 500 remains, especially while under 2372 SPX. If that zone is exceeded, expect a rise to 2386 SPX or higher.

The Day Ahead 2017-03-30

The equity indices are a pausing but think it best to assume there will be an eventual upside resolution though we should be prepared for early morning weakness.

The Day Ahead 2017-03-29

Nice steady rally yesterday suggests we are in a small wave iii that while it may have completed yesterday, it is best to assume the rally will extend into today before a more lengthy stall.