Founder, Mars Capital Partners | Author, Mars Market Update. Helping traders navigate global markets. Weekly charts, technical analysis, & market scenarios.
Australia
Joined August 2013
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Bulls Last Stand
#SPX / #ES_F testing key 200-day SMA and trend channel support. Bulls need to make a stand here, as the bull case is invalidated below 7000 overlap support.
#Nasdaq / #NDX has broken key 200-day SMA support and flushed lower. Bulls need to make a stand here, as the bull case is invalidated below 26000 overlap support.
#TLT impulsive bond rally setting up a potential bullish change in trend.
#CrudeOil remains range bound within its bullish triangle following last week's reversal from resistance.
More detail in this week's Mars Market Update 👇
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Testing Final Support
#Nasdaq / #NDX broke key 200-day SMA support and flushed lower. Last chance for the Bulls here as a weekly close back below the 26000 overlap invalidates the bullish outlook. Caveat emptor...
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Testing Support
#Nasdaq / #NDX held 200-day SMA support and remains trapped within a triangle consolidation. Bulls need to make a stand here and clear 50-day SMA resistance to confirm the bullish outlook. Trade back below the 26000 overlap invalidates the bullish outlook.
More detail in this week’s Mars Market Update 👇
marscapitalpartners.com
Testing Support
#Nasdaq / #NDX held 200-day SMA support and remains trapped within a triangle consolidation. Bulls need to make a stand here and clear 50-day SMA resistance to confirm the bullish outlook. Trade back below the 26000 overlap invalidates the bullish outlook.
More detail in this week’s Mars Market Update 👇
marscapitalpartners.com
Equality Support
#SPX #Nasdaq recent decline has tagged near-term equality support, giving bulls a chance to make a stand and reverse the decline. Our base case remains for a final rally to new ATHs into year-end. Key trend support remains lower, towards the 200-day SMA.
#CrudeOil testing overhead resistance within a bullish triangle consolidation.
#ZB #TY bonds setting up for a potential bullish change in trend.
More detail in this week’s Mars Market Update 👇
marscapitalpartners.com
Bullish Consolidation?
#SPX #Nasdaq recent decline is likely incomplete and only part of a larger bullish consolidation. Ideally, an extension lower in wave (c) would set up a final rally into year-end. Key trend support remains lower, towards the 200-day SMA.
#CrudeOil testing overhead resistance within a bullish triangle consolidation.
#ZB #TY bonds setting up for a potential bullish change in trend.
More detail in this week’s Mars Market Update 👇
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Irregular Top
#Nasdaq / #NDX remains trapped within a triangle consolidation. The preferred path remains an extension lower towards 200-day SMA support for wave (c) of a bullish wave 4. Trade back below the 26000 overlap invalidates the bullish outlook.
More detail in this week’s Mars Market Update 👇
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Irregular Top
#SPX #Nasdaq recent push to new ATHs is likely a wave (b) head-fake top within a larger corrective consolidation. This “irregular top” warns that the big-picture rally remains incomplete, with a final wave 5 push to new ATHs still in view. Key trend support remains lower, towards the 200-day SMA.
#CrudeOil remains trapped within a bullish triangle consolidation.
#US10yr (#TYX) rates would still look best with a final push to new cycle highs, but it is not required. We remain alert to a big-picture change in trend.
More detail in this week’s Mars Market Update 👇
marscapitalpartners.com
Grinding Higher
#SPX #Nasdaq wedging into new ATHs as they approach equality resistance. A near-term inflection: a potential head-fake wave (b) top and deeper corrective decline, or a break above resistance to help confirm an ending wave 5 rally.
#CrudeOil remains trapped within a triangle compression.
#TYX #DXY near-term rallies are extended and at risk of correction.
#Gold #Silver attempting to hammer out a tradable low, but it’s too early to call.
More detail in this week’s Mars Market Update 👇
marscapitalpartners.com
Stalled at Resistance
#SPX / #ES_F remains stalled below ATH resistance and risks a larger corrective decline (blue count) if it can't break higher (green count). Big-picture trend support remains at the 200-day SMA.
#Nasdaq #NDX push to new ATHs risks stalling at equality resistance if we don't see upside follow through this week.
#US10yr triangle breakout in rates appears incomplete.
#CrudeOil remains trapped within a triangle consolidation.
Read our complete analysis in this week’s Mars Market Update 👇
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Key Inflection
#Nasdaq / #NDX hard test of ATH resistance. No evidence of a reversal but Bulls still need to clear ATHs to maintain the immediate bullish structure. The risk of failure is a larger blue wave 4 corrective decline towards key support at the 200-day SMA.
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Key Inflection
#SPX #Nasdaq hard test of ATH resistance. Bulls need to clear ATHs to maintain the immediate bullish structure or risk a larger blue wave 4 correction towards key support at the 200-day SMA.
#US10yr #TNX rates breaking up and out of its triangle thrust.
#DXY bull trend remains intact.
#CrudeOil triangle consolidation or immediate bullish extension?
More detail in this week’s Mars Market Update 👇
marscapitalpartners.com
Key Inflection
#SPX #Nasdaq hard test of ATH resistance. Bulls need to clear ATHs to maintain the immediate bullish structure or risk a larger blue wave 4 correction towards key support at the 200-day SMA.
#US10yr #TNX rates breaking up and out of its triangle thrust.
#DXY bull trend remains intact.
#CrudeOil triangle consolidation or immediate bullish extension?
More detail in this week’s Mars Market Update 👇
marscapitalpartners.com
Bull Trend Intact
#SPX #Nasdaq the corrective decline has set up the continued rally to new ATHs. Key bull trend support remains lower at the 200-day SMA, with the structure immediately bullish above last week’s lows.
#CrudeOil stalled at equality resistance, setting up a larger triangle consolidation.
#US10yr hard test of 5.0% resistance with no confirmation of a breakout or reversal.
More detail in this week’s Mars Market Update 👇
marscapitalpartners.com
Bull Flag Redux
#SPX / #ES_F the near-term corrective decline is potentially setting up a rally to new ATHs. Bulls need to break up and out of the bull flag while above the 50-day SMA support.
#Nasdaq / #NQ_F the corrective nature of the decline warns that the rally appears incomplete and would look best with a wave 5 extension to new ATHs while above 200-day SMA trend support.
#US10yr Rates testing key 5.0% resistance with the FOMC on deck this week.
#CL testing equality resistance but remains bullish from a big-picture perspective.
Bull Flag?
#SPX / #ES_F is potentially setting up a near-term Bull Flag for a push to new ATHs while above the 50-day SMA support.
#Nasdaq / #NQ_F rally appears incomplete and would look best with a wave 5 extension to new ATHs.
#US10yr Rates testing key resistance with PPI and CPI on deck later this week.
#CL remains bullish within a triangle consolidation.
Explore our latest Mars Market Update and technical analysis 👇
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Indecision Remains
#SPX warning of a potential top remains. Near term Bulls need to hold the 50-day SMA then the wave 4 low, with bigger-picture support in the 7000/200-day SMA area.
#Gold #Silver expect a near-term correction lower before the bull trend reasserts itself.
#DXY indecision remains with no confirmation of a change in trend.
#US10yr Yields remain range bound but testing key 4.80% resistance.
Explore our latest Mars Market Update and technical analysis:
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Breakout or Fakeout
#SPX #Nasdaq warning of a potential top. Near term Bulls need to hold the wave 4 low (top pink line), but bigger-picture support resides in the 7000/200-day SMA area.
#Gold #Silver warning of a bullish change in trend.
#USD #DXY last chance for bulls with the potential for a resumption of the bear trend.
#US10yr Yields remain range bound below key 4.80% resistance.
Explore our latest Mars Market Update and technical analysis:
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Ending Rally?
#SPX has enough waves in place to complete the wave 5 rally but would look best with an extension higher. The chart attached shows the potential ending-wave structure and target guide.
#Nasdaq would look best with a final push to new ATHs.
#ZN_F bonds wedging into the lows.
#DXY at support for a key near-term inflection.
Explore our latest Mars Market Update and technical analysis:
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Rally Incomplete
#Nasdaq #QQQ rally appears incomplete and would look best with a final wave 5 push to marginal new ATHs.
Wave 5's are ending waves with reversal risk, so buyer beware.
The 200-day SMA and 637 breakout remain support.
marscapitalpartners.com
Bulls Extend
#SPX #ES finally breaks up and out of its triangle consolidation to new ATHs.
#Nasdaq #NDX strong rally from support remains incomplete and sets up a final push to new ATHs.
#DXY #US$ only a corrective 3 waves up so far and needs to extend higher in 5 waves to help confirm a bullish change in trend.
#CL_F #CrudeOil bullish setup remains intact - calm before the storm?
Explore our latest Mars Market Update and technical analysis:
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