Cycle screening measures weakened on Thursday. It looks increasingly likely that short term cycles have topped out but what about the intermediate trend?
Cyclical peaks are due across the time spectrum over the next few weeks.
Cycle screening measures weakened and hinted that the rally was approaching an end, but suggested that cycle projections could still be reached.
The cycle projection range has narrowed and time is growing short.
Mixed cycle screening measures showed that the momentum that has driven this move waned for a second day on Tuesday.
The SPX breakout held on Tuesday.
Cycle screening measures were mixed, with a slight edge to the buy side overall, but a suggestion of waning momentum.
The SPX has broken out with room to run but this report explains why should be the last hurrah.
Cycle screening data has strengthened, supporting the market’s short term uptrend, and the likelihood that it will reach the upside cycle projections.
The SPX has drawn a bead on 2100 and some cycle projections are now even higher.