Lee AdlerSubscribers: Download the full report here The list has an average gain 8.8% on an average holding period of 17 calendar days, including open picks…
The market is in a rising wedge pushing against resistance, requiring a move above xxxx for an upside breakout or a close below xxxx to break the uptrend. While short-term technical bias remains bullish, indicators show a lack of thrust, placing the market in a high-risk window as it nears potential long-term cycle tops.
Here are the support and resistance levels, cycle projections, and indicators to watch to determine the direction of the next big move.
The market is in a rising wedge pushing against resistance, requiring a move above xxxx for an upside breakout or a close below xxxx to break the uptrend. While short-term technical bias remains bullish, indicators show a lack of thrust, placing the market in a high-risk window as it nears potential long-term cycle tops.
Here are the support and resistance levels, cycle projections, and indicators to watch to determine the direction of the next big move.
Subscribers: Download the full report here The year started with the list having an average gain of 3.7% on an average holding period of 12…
Subscribers: Download the full report here During the week ended Friday, January 2, out of 1899 stocks meeting institutional price and volume criteria, the screens…
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.
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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.
Subscribers: Download the full report here The screens generated multiple buy side setups this week but the majority were biotech, which are not reliable in…
Subscribers: Download the full report here The screening method is geared to swings of 3-4 weeks. The screens generated nothing of interest this week, with…
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.
Technical Trader subscribers click here to download the full report. The market is still in a position to break higher, even though momentum has been…