Stocks are looking technically very weak after rejecting the neckline of the head and shoulders pattern. Notice that the Kovach OBV is still strong. The S&P 500 is also at a level of support at 3156, so it should catch some support here.
We just likely saw the completion of a full 5-3 Elliott Wave, and this could be the start of a new one. The level 3190, will be critical to test and break to confirm the continuation.
Stocks have retraced, but could catch a bid at current levels
Stocks are currently in a small uptrend, but will face resistance from 3460. The Kovach OBV is still very...
Bonds have been ranging in a sideways Elliott Wave for some time now. However they appear to be nearing...
The US dollar has retraced slightly since its breakout over the past few trading days. It has made a...
Stocks have taken another dive and are finding support currently at the 38.2% Fibonacci level, at 3339. The S&P...
Those hungry for volatility have been disappointed by stocks and bonds lately, but gold has taken the spotlight. It...
The US Dollar has breached upper levels in a strong rally that has bled through to the commodities. We...
Stocks followed my Elliott Wave almost perfectly (save for the very last segment). Looks like they’ve broken out of...
Stocks Stocks simply can’t go down lately, despite pervasive risks in the markets. However, we do appear to be...
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