by Admin | Jul 11, 2017 | Day ahead
Today is another light day on the economic calendar which may very well lead to a sedate trading day. The S&P 500 continues to be stuck in a trading range and not much reason to think it will leave it today. Perhaps they will be a little weaker today but doubt it...
by Admin | Jul 10, 2017 | Energy, Premium
The dominant weekly cycle in UNG is bottoming out now and starts to turn up into early 2018 making it interesting to see if a higher low or test of the previous 2016 low takes place over then next couple weeks. At this scale, little has changed from the last time I...
by Admin | Jul 10, 2017 | Day ahead
I've been asked what I think about the big picture in the equity indices and thus will start with a couple of charts on the big picture and possible timing for inflections. Short summary, think we see a moderate correction over the next few weeks but probably holds...
by Admin | Jul 7, 2017 | Day ahead
The short term form is opaque but assuming a choppy bounce today in a small degree wave 'ii' or 'b'. Crude dropped to the .618 retrace of the recent advance and is trying to firm up. Still think this is a wave ii and on the verge of starting wave iii up. DX is...
by Admin | Jul 6, 2017 | Day ahead
Selling has kicked in overnight in the equity index futures. I am assuming this is the first start of the next leg lower in what will eventually be a corrective formation though could provide bearish market participants with about a 90 S&P point snack once it starts....
