Archive for May 24th, 2019

Intermediate-term Forecast for May 25, 2019

| May 24, 2019

Stock Market Commentary We are 3 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 24, 2019

| May 24, 2019

Stock Market Commentary We are 3 sessions into the alpha phase decline of the short-term cycle that began last week. A quick rebound followed by an extended beta phase rally that moves up to new highs would reconfirm the current bullish trend and favor additional short-term strength. Alternatively, an extended alpha phase decline that moves […]

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