The rally has stuck around long enough to allow for projections on the 6-7 week and 13 week cycles and to suggest that this could also be the early days of new 6 and 10-12 month cycle up phases. Here’s how the data shapes up, including the levels that look like likely targets for this…
Are stocks showing enough strength for a breakout?
The market pushed through a level where resistance could have shown up but didn’t, leaving the SPX in position for a full test of the highs over the next few days.
Cycle screening data weakened slightly on Friday. It raises a caution flag, but we’ll have to see if there’s any follow through on Monday before ringing alarm bells and waving red flags. A downturn from this relatively low level for a peak on the aggregate indicator could signal real problems.
Evidence of a 13 week cycle upturn continues to build and there are time counts which indicate that 6 month and 10-12 month cycle lows could form in this time window.
Cycle data strengthened today, just enough to confirm the rally. But does it mean that it has room to run?
The upturn has now persisted enough to allow for a 4 week cycle projection. This report reveals what that is and looks at the chances of reaching even higher highs.
Cycle screening data reached new short term highs.
The current short term rally phase is rife with questions. Here are some of them, along with where we’ll find the answers.
Cycle data continues to strengthen, but not yet enough to be convincing that intermediate cycles are turning up.