Cycle screening data stood still for a second day, but remained in solidly positive territory. Here’s what that suggests about the stock market.
The market made a push at short term trend resistance in the 2060-65 area. If it gets through that, the 13 week cycle up phase should pick up steam and make a move toward current cycle projections.
By stalling where it did on Friday, the market raised questions about the likely strength of the incipient 13 week cycle up phase. Here are the mostly likely answers and what would trigger each.
Cycle screening measures strengthened. The aggregate measure is now solidly in positive territory and will probably need to form a negative divergence before the rally tops out.
The 13 week cycle up phase gained momentum, generating new signals and new cycle projections, covered in this report.
Cycle screening measures strengthened today. The aggregate measure made it back to positive territory and new 6 month cycle signals edged back to the buy side. Does this suggest zombification of the market?
The market rallied weakly today. It was just enough to continue to signal a likely upturn in the 13 week cycle. But it has so far shown no particular sign of strength. Here are the more likely outcomes of this behavior.
Cycle screening measures were mixed but with a strengthening bias in some key measures. Here’s what this suggests.
The market edged toward a breakout through the downtrend channel but did not quite get there on Monday. Here’s what to look for.
Strength in cycle screening measures on Friday tends to confirm the onset of a 13 week cycle up phase, but what about other cycles?