You have to Feel the Charts | Market Momentum in 2026 with John Kolovos

In this episode of the Market Misbehavior podcast, Dave is joined by John Kolovos, Chief Technical Strategist at Macro Risk Advisors and President of the CMT Association. Recorded in late June 2026.John shares his top strategies for navigating the mature phases of a bull market and how to spot crucial momentum divergences when the "character" of the market begins to change. We dig into why momentum is the only true leading indicator, the danger of the US Dollar Index breaking out and flattening the yield curve, and how to combine textbook measured moves with Elliott Wave extensions to pick precise upside targets. The conversation also explores how to embrace uncomfortable market concentration using relative strength and honors the lost art of hand-drawing Point and Figure charts.📈 Topics Covered• Understanding the "Momentum Trifecta": Combining price, volume, and breadth to confirm buy/sell signals• Recognizing "Good" vs. "Bad" overbought conditions when exiting a V-bottom or entering a mature trend• Why relative strength is the ultimate tool for navigating uncomfortable market concentration in institutional portfolios• How a US Dollar Index (DXY) breakout above 105.5 could aggressively flatten the yield curve and trigger a macro "risk-off" event• Why seasonal weakness (the "Sell in May" strategy) should make you highly skeptical of unseasonal market strength• The tactical case for a pullback in crude oil and a broader secular bearish trend in precious metals (Gold/Silver)• Combining traditional Edwards and Magee measured moves with Elliott Wave Fibonacci extensions to set price targets• Remembering the legacy of Steve Shobin and the "lost art" of hand-drawing charts to feel the rhythm of the tape🎓 Take Dave’s FREE course on behavioral investing: https://www.marketmisbehavior.com/freecourse📘 Check out Dave’s recommended reading list: https://www.marketmisbehavior.com/readinglist👉  Follow Dave on X: https://x.com/DKellerCMT👉  Follow Dave on Bluesky: https://bsky.app/profile/dkellercmt.bsky.social👉  Follow Dave on Facebook: https://www.facebook.com/marketmisbehavior👉  Follow Dave on Instagram: https://www.instagram.com/marketmisbehaviorThe content in this presentation should not be considered as a recommendation to buy or sell any security. All information is intended for educational purposes only and in no way should be considered as investment advice.