Category Archive: Weekly Review

Aug 29

Weekend Review and Watchlist

Overview An extraordinary week for the market which continued to correct in dramatic fashion, only to bounce even harder to finish higher on the week. Let’s start with our ‘Correction Roadmap’ chart of the $SPX:- I normally keep the current move dynamic, as obviously until we see new highs we can’t know a downturn is …

Continue reading »

Aug 22

Weekend Review and Watchlist

Last week I stated “the S&P remains rangebound, below its MA’s, and it put in another higher low. Accompany that with the prevailing bearish sentiment, and an eventual resumption higher remains the most likely course of action.” Likely or not, the market instead surprised to the downside in absolutely brutal fashion. The week started well …

Continue reading »

Older posts «