So far we've failed to reclaim the downtrend line from the all time highs and created a broadening formation that has produced multiple whipsaws and inflicted damage to both the long and the short side while clearing out stops before the next move occurs. If 2130 is reclaimed, that locks in a corrective structure from the all time highs and virtually assures new...
We've gotten our first signs of potential selling with ST support being broken, however follow through remains to be seen. Ideal first target down after a successful backtest here would be the 2114 area.
Good morning everyone. We currently stand poised at a major inflection point that would appear to be the dividing line between new ATH's or a trip back below 2040. Greece is saved 'again' and all seems quiet on all fronts at present. This makes one think "well, what could possibly go wrong?" Below is the link for daily/weekly market projections and commentary....
We've extended marginally above our ideal target zone for both time and price, but there is no reason to doubt that the current rally is nothing more than a corrective bounce at present. A break above the overhead resistance and a challenge of the 2130 level would cast some doubts on a more extended decline. Here is today's Market Structure Projections and...
While we're still working on the market structure projections for tomorrow, I wanted to point out a pattern that presents itself at points prior to a more substantial move. These broadening formations are by nature designed to clean out the stops of both participants leaving the least amount of individuals as the more begins, but gains strength as previously...
We pushed up into the upper range of our target zone today capturing the 78.6 retrace and the 1.382 extension of wave A. We are also at the mid point of our daily timing cycle so we are expecting the decline to commence soon. Below is the link to this evening's and tomorrow's MSP's (Market Structure Projections) Good luck and profitable trading. mcm-ct.com If...
No change in the outlook from the overnight session. Lots of people will be looking for consolidation and another push-up. While it is possible that the markets can hold up for another day or so, data/probabilities do not support this potential highly. Most probable is that a larger and pronounced decline is upon the equity markets. We are in the daily...
With this mornings MSP's (market structure projections) ultimately following the 20 Year QE Dataset (Magenta, see chart link below) the ideal target area of 2104 continues to be the preferred zone for a turn. There is a chance that this may extend further up to between the 78.6 retrace and 1.618 projection area, but that remains to be seen. We hope everyone had...
In Elliot Wave, a triangle is a penultimate structure, so this entire rise should be retraced. Minimums have been met for the rise, but the ideal target is 2104.
Intermediate down trend holding solid as we open up the new trading week. Our major inflection points come into play this week so be careful out there. Below is the recap to the MSP's (market structure projections) and key timing pivots for this evening and tomorrow's ES trading session. mcm-ct.com This link is for the longer term trend outlook posted Friday...
Below Is the link to the charts for the above commentary. mcm-ct.com
A quality day overall. Projections were looking for an early morning high with a weak session along with an elliott wave count that coincided. The end result was a wire to wire 25 pt profitable day. Here is this mornings projections post. mcm-ct.com
This is an intermediate projection based off present market structure. Expectations are for a continued decline into lower support areas before another all time high is achieved. You can also find an array of macro economic articles, proprietary market studies and analysis at mcm-ct.com and intraday market insights on twitter at twitter.com
This is simply a long term view based off internal wave counts and probabilities. You can find today's intraday Market Structure Projections (MSP's) at mcm-ct.com