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Mike Paulenoff

Emini S&P 500 Clears Our Three Resistance Hurdles

Tue Mar 25th 2025
Good Tuesday Morning, MPTraders!  March 25, 2025-- There are five trading sessions remaining in March and Q1 2025--- Apart from headline risk on tariff policy, today's potentially market-moving Economic data could be in reaction to the SP/Case-Shiller Home Price Index Survey or the Conference Board's update on Consumer Confidence. Otherwise, the markets will begin to focus on Friday's PCE Inflation Data... On a scale from 1 to 10, my technical confidence in the sustainability of the post-3/13/25 upmove from 5561.50 through yesterday's powerful upmove to 5825-- extended to 5834 so far this AM in pre-market action-- climbed from 3 to 7...

Where Fundamentals Meet Technicals: ITUB

Sun Mar 23rd 2025
It's been more challenging to find alignments between fundamentals and technicals lately.Fundamentals on many equities broadly point sideways with a big range of uncertainty due to us being in a headline driven market. Many sentiment/technical indicators point down.One of the rare bright spots is Itau Unibanco. Garrett has a positive chart on it:The chart points to a likely possibility of near-term consolidation, which makes sense given how quickly it has moved here in 2025.

Looking For Resolution Over The Next Two Weeks

Tue Mar 25th 2025
With the market pushing a bit higher today, nothing has really changed in the overall picture.  So, I am simply going to suggest you re-read yesterday’s update.In the meantime, we have enough waves in place to consider all of the c-wave done, and we also have come close to the a=c region represented by the green line on the 5-minute SPX chart.  So, I can’t say it would surprise me to see us break below the support noted on the 5-minute SPX chart.

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