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Author: Lee Adler

Market Coils and Risk Rises, But New Long Term Cycle Projections Are Here

The chart patterns “look” bullish to this old observer, but there’s absolutely nothing in the cycle structures or projections to suggest that a breakout is imminent or even likely. The market is tapping the top of its range, but it needs to prove that it will break out by doing so. If it does, then it has room to run to the 7200 range within weeks. If it doesn’t, there mere glimmers of a top, but again, proof of bear requires a big bite to the downside.

Markets Head into the New Year Looking Bullish, But Blindly

The chart patterns “look” bullish to this old observer, but there’s absolutely nothing in the cycle structures or projections to suggest that a breakout is imminent or even likely. The market is tapping the top of its range, but it needs to prove that it will break out by doing so. If it does, then it has room to run to the 7200 range within weeks. If it doesn’t, there mere glimmers of a top, but again, proof of bear requires a big bite to the downside.

Market Locked in a High‑Level Stalemate – Whither or Wither the Breakout?

The market remains rangebound and directionally uncertain. Key indexes are stalled at well-defined resistance levels while multiple cycle measures show waning upside momentum without confirming a breakdown. Signals point to continued churning unless resistance is decisively cleared or support is broken. 

Here are the support and resistance levels, cycle projections, and indicators to watch to determine the direction of the next breakout.