Stonks only go up. The S&P has yet again made new highs, despite very real risk factors geopolitically, socially, and economically, not to mention an election coming up. The move in the S&P was very strong, and it has already hit the Fibonacci extension from the levels anchored on the previous relative high and low. It is difficult, but important, to avoid FOMO...
The US dollar just can't seem to get a break. It has been persistently sold off, and appeared to gain some steam last weak as it ranged about 92.25 to 93.44. But this was merely a pause to the overall trend, and relentless selling began again yesterday. It solidly broke 92.25, and careened to the next level of support, which we clearly outlined in the...
Stocks ain't got time for coronavirus, trade tensions with China, or riots and civil unrest in the United States. The S&P has broken out from an inverse head and shoulders pattern and solidly established new monthly highs. This is most likely the beginning of a new Elliott Wave impulse. Both Kovach momentum indicators are very bullish at this point, so wait for...