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First Look: 2020-12-24
Not really much difference in my view on S&P 500 futures than from yesterday.
The Day Ahead: PM Edition 2020-12-23
Another day where bonds rejected the daily moving averages and pushed lower though not able to make a new swing low.
The Day Ahead: AM Edition 2020-12-23
Bonds fell away again from resist at 173^15 and broke support at 172^12.
The Week Ahead 2019-07-21
Since bonds do not have a clear five wave impulse down from the rejection of 156^14, I think it best to allow for an attempt to retest resist again into the FOMC meeting. Overall the cyclic position suggests the rise up from last year is late in development.
Natural Gas via ETF (UNG) Update
Making a UNG update since I spent time staring at the daily. First, the weekly chart. Nothing new from when I last posted it. I think UNG is trying to feel out for a low in the 62 week cycle. Price needs to be over 21.65 to cause bears to cover.
iShares MSCI Italy ETF (EWI) Update
At the start of 2018, EWI ended wave [e] of a triangle and dropped in the first five wave impulse lower at the end of last year. Since then, EWI has been bouncing in a three wave move for a wave (ii). While having tested a possible target at 28.83 two weeks ago, it strikes me as too aggressive to say that wave 'c of (ii)' is complete while above 30.00 as the overhead target tested so far is a bit short of what is typical for a wave (ii).
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