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Mike Paulenoff

Approaching Consequential Resistance - Market Analysis for Apr 15th, 2025

Tue Apr 15th 2025
Good Tuesday Morning, MPTraders!  April 15, 2025-- Pre-Market Update: So far, despite the BA news (China freezes Boeing deliveries in another shot over the bow in the escalating trade war, suggesting that China isn't coming to the tariff negotiating table yet-- or at all), the overnight markets were relatively muted... While the heretofore extremely volatile equity indices and ETFs appear to be catching their breath a bit so far today, I have posted a series of charts that will help us get our bearings this AM...

Still Some Room – But Have An Eye For The Door

Wed Apr 16th 2025
Gold has been on an absolute tear of late.  And, while these types of moves get people so excited and interested in gold, they often are seen towards the end of a move rather than the start of a new move when we are this late in the cycle.  If you remember, I set our secondary target for this bull market in gold to the $3400 region.  And, we have almost attained that target.

Corrective Wave Action Continues

Thu Apr 17th 2025
Today's theme was very much a repeat of what we've seen over the past several days—corrective wave action in all directions. After moving lower yesterday in what appeared to be a three-wave move into the afternoon low, we saw further upside action today that also completed a three-wave structure. This corrective action, both up and down, suggests that we are developing either a diagonal or a triangle in this region.With the market failing to break directly lower, I believe it's becoming less likely that we’ll see an immediate breakdown for wave (b) of the larger wave b.

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