Market Update Pro

Stall!

The market pulled back after failing to clear resistance at 2130. The 4 week cycle has apparently topped out, so now the questions in the short run are whether it or the 6-7 week cycle are dominant and whether the 13 week cycle up phase, weak though it may be, might hold together for a…

3, 2, 1, Liftoff, Or Roman Candle?

Cycle screening measures surged on Thursday. The aggregate measure reached a new minor high, but still needs to move higher to turn the intermediate term pattern from ambiguous and neutral, to bullish. Individual component measures were all stronger. The huge surge in new 6 month cycle signals putting that measure firmly back on the buy…