The market punched through one set of intermediate trendlines but did not quite clear parallels just above that, in particular around 1960 on the SPX. We’re looking for evidence of confirmation that the expected 10-12 month cycle low is in. Here are some of the keys to that, as well as the likely trading patterns…
Cycle screening measures were stronger on Thursday, buttressing the idea that an intermediate low is forming. But that comes with conditions.
The market cleared some short term trendlines and resistance levels on Thursday, but not others. 6 month and 10-12 month cycle lows are due to form and downside projections have been hit, but that does not rule out more downdrafts. Here are the benchmarks to watch as intermediate cycles enter a time window where the…
Cycle screening measures were stronger on Wednesday. The aggregate measure zoomed off the new low. It did not form a positive divergence first.
The market is in a window where the 6 month and 10-12 month cycle lows could occur and their projections have been pulled back up to levels already hit, so I can’t simply write off today’s rally as a dead cat bounce, at least, not yet.
Cycle screening measures were mixed on Tuesday. The aggregate measure dropped slightly to a new low for this decline. That may bring a short term low closer in time, but it’s bearish in the big picture.
The market tried to rally off the level of the August 24 low, but the attempt was weak and could not be sustained. Here’s what this implies.
Cycle screening measures were weaker on Monday. The aggregate measure dropped to a new low for this decline. That may bring a short term low closer in time, but it’s bearish in the big picture. Numbers that are oversold in a bull market only indicate weakness in a bear market.
The market fell to a major support line at 1880 as it opened the week, but it’s where it ends the week that counts. Cycle projections suggest that that could be a lot lower.
Cycle screening measures were stronger on Friday running counter to the stall in the S&P 500. Here’s what that means in the current context of these measures.