Archive for May 17th, 2019

Intermediate-term Forecast for May 18, 2019

| May 17, 2019

Stock Market Commentary We are 2 weeks into the decline phase of the intermediate-term cycle from December. Intermediate-term cycle direction is in question. An extended decline phase that moves below the last intermediate-term cycle low (ITCL) at 2,347 would reconfirm the current bearish trend and forecast additional losses. Alternatively, a quick rebound followed by a […]

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Short-term Forecast for May 17, 2019

| May 17, 2019

Stock Market Commentary We are 4 sessions into the alpha phase rally of the short-term cycle that began on May 13. An extended alpha phase rally that moves up to new highs would reconfirm the current bullish trend and favor additional short-term strength. Alternatively, a quick reversal followed by an extended alpha phase decline that […]

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