The Nasdaq 100 futures contract is showing signs of weakness with momentum turning lower near term. Since the drop in prices at the end of September last year, the market has come back in a corrective price structure moving into the key red shaded projection zone above. The most recent swing is a rising wedge which is a triangle pattern with both trendlines...
Markets have been pushing to new highs despite ongoing trade issues and technology firm earnings concerns. In a strong bull market, all boats float with the tide. Stocks and bonds will move up in anticipation of a positive outlook. A healthy market also has meaningful corrections based on business cycles and fed policy decisions. Given the long run in equities, it...
The 4HR path of least resistance for crude oil looks lower. We can count impulsive structure in Elliott Wave and wave 4 looks to be forming a potential triangle.
