Last week's SubStack predicted the arrival of The Wrap Up.
As of the futures opening on Sunday night, the market has completed a full cycle, returning to its starting point from the beginning of the week. Thus, the market has shown no net movement over the past seven days.
The key question now is whether the market is stalling or if a more bullish trend is emerging.
With my 2 Hour Signal having fully reset, I lean toward expecting a final upward move this week before a more substantial pullback.
In this update, I will outline the potential market direction for the week, the factors influencing its path, and the timeline for what we anticipate as the first major pullback since the April rally began.
As noted in prior editions, we believe this bullish cycle will reach an eventual End Game, and we will continue to refine our outlook weekly on how this phase may develop.
In this update, we’ll cover:
The expected move higher this week
The expected start date of the coming pullback
Our targets for the pullback
We’ll also examine key macroeconomic trends anticipated later this year.
Within this, I’ll present two potential scenarios for year-end. These two scenarios will continue to be updated with each subsequent version of this SubStack as the market structure unfolds. Let’s get into the details…
Market Outlook
The bullish sequence that started in early April still has room higher.
I still hold the view that we are in the later stages of a broader market cycle that began in 2009.
With this in mind, let’s examine how this might unfold.
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