S&P 500 Monthly/Weekly Update

Quite a week in the equity indices last week. Is the end upon us? As you know, my view is no, that we have been expecting a wave (iii) high in the advance up from early 2016 and now should be forming a several month corrective pattern for wave (iv) before an eventual top that should end both the advance from 2016 but also the rise form the 2009 low.

S&P 500 (SPX) Update

The fairly persistent rise up off the 2357 SPX low yesterday and lack of selling today opens the door to the low being of greater import than a mere first impulse down, that it may in fact terminated the corrective formation we have been in since March. The lack of...

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...

S&P 500 (SPX) 2017-03-26

When you step back and look at the large structure, you can see a broad five wave move up from the 2009 low. That should mean we are in the last phase of the advance though this last leg, the one up from early last year, can extend. I am beginning to think they drag...