January 27, 2021

Market Update: January 26

The drop from Friday’s high in EURUSD is a clean 5 waves. The implication is that price declines below 1.2108 while staying below 1.2190. Consider that the noted 5 wave decline occurred after a perfect corrective channel and a turn lower from resistance (see below) and there is good reason to be bearish against 1.2190.
October 1, 2020

Market Update: October 1 – Important Monthly USD Signal

It’s a new month which means we monthly volume signals, which are obviously rare. DX futures made a 2 bar monthly volume reversal. This means that August was a high volume up month and at least a 12 month closing high and September was a high volume down month (go here for more on volume indicators).
September 21, 2020

Market Update – September 21

The Dow is testing critical support from the June high. This level has been support since 8/20. A break below would complete a head and shoulders top that’s been forming since early June. The measured objective would be 25853.
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