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The market has gone through SIX (6) separate overbought and oversold cycles 11 up/down cycles in total since November. This current up cycle has a higher probability of leading to a break.

Samwise Quick Reference Handbook To streamline our daily blogs and conserve space, we’ve organized key resources into a convenient, collapsible

While today’s session appears signifiant at first glance, until we see an actual breakdown below $600 on the QQQ, we’re still very much in a consolidation range.

The recent increase in volatility and trading ranges is an indication that a breakout/breakdown is fast approaching.

The totality of the evidence still points to a major move happening in January (maybe February) off of the broad consolidation we’ve outlined. Nothing at all has changed.

The market is nearing the end of its consolidation phase as the SPY gets ready to test the $700 level. Chances are the SPY $700 test will be the very catalyst that drives the next major move in the market.

Samwise Quick Reference Handbook To streamline our daily blogs and conserve space, we’ve organized key resources into a convenient, collapsible

SPY/QQQ Pull-back off of yesterday’s overbought conditions further indicating that we are very much in a consolidation. Confirming clearly that there is no scenario 3.

The NASDAQ-100 (QQQ) and S&P 500 (SPY) have both reached overbought territory as they test major lines of resistance. The market as a whole is likely to see a near-term top sometime in the next few days.

SPY nearing critical breakout point in the first stage of what could be a resolution of the consolidation period.