Cycle screening measures had a slightly positive tilt today. That ran counter to the minor weakness in the market averages. This report looks at the data regarding the chances of breaking out to make a run at cycle highs projected by the market averages.
13 week cycle indicators continue edging to the sell side but at very high levels. This report covers what that means for the cycle projections that point higher, and the benchmarks to watch to indicate that the rally is finished.
Cycle screening measures strengthened on Wednesday. Increases in new 13 week and 6 month cycle signals suggest a second wind for those cycles after recent signs that they were topping out but the aggregate indicator upticked but remains in a negative divergence. Here’s what that means.
The SPX is now threatening to break out through last week’s highs. That would give it clearance to reach the 13 week cycle projection by the week before Christmas.
Cycle screening measures failed to confirm yesterday’s market uptick. Most measures weakened, including the aggregate indicator. Here’s what that means.
A swing high is due no later than the week before Christmas. Projections say higher, but indicators are telling another story.
Cycle screening measures weakened enough on Monday to suggest an end to the 13 week cycle up phase, and to also signal that the 6 month cycle up phase may be topping out. This report covers what actions would confirm that and what would suggest a last gasp rally.
The market may still reach the upside projections on the 13 week cycle if a key support level holds. But if it doesn’t things are likely to devolve quickly.
Cycle screening measures were mostly weaker on Friday, particularly in intermediate cycles. Here’s what that suggests about the odds of reaching projections for cycle highs.
While Friday’s pullback did little damage, key technical levels must hold for the market to reach current projections on the 13 week and 6 month cycles. This report discusses and illustrates where key support benchmarks are, and what the targets of this move should be, based on cycle projections.