10/15/2025
Looks like my ABC pattern took a bit longer than I expected.
Here is an update on the A B C form of Wave 2 up, if that is what is happening. All the major indexes are now in similar pattern. A break above the October highs for any will negate this pattern. The bull is not giving up easily.
HHere is the Equal Weight SPX showing pretty much the same pattern. This is not the SPX reported in the WSJ or Fox or CNBS which is heavily wieghted for the Mag 7 stocks, about 37% of the 500 but I think this is a better look at what the overall market is doing.
10 Year Yields
Yields are approaching previous low of 3.88%, breaking that means lower yields, not higher.
Gold and silver look good into next week but I would not care to take chances on this now extended run.
November Crude Oil
Today qualifies as an inside day but having broken 60, lower prices still look like a better option.
I am frustrated the stock market is not giving up but as Richard Russell used to say, Patience.
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