Cycle screening measures continued to strengthen while the market paused on Monday.
The market paused but short term indicators continued to signal the likelihood of 4 week and 6-7 week cycle up phases. Intermediate indications were less clear.
Short term cycle screening measures confirmed the market upturn, but intermediate measures have not.
Friday’s rally suggested a turn in short term cycles. It was overdue on the 6-7 week cycle but right on time for the 8 week cycle. But what about intermediate cycles?
There were some positive signs in the cycle screening measures yesterday.
The market looked as though it would fall apart today, but then it rebounded from a support level. Here’s what that means.
Cycle screening measures weakened in concert with the market averages, confirming the intermediate down phase. So where’s the bottom?
The market smashed a major trendline in the 1960-65 area today and dropped immediately to support around 1940-45. A close below 1955 this week would break a weekly basis trendline from the 2013 low. The major trendline from the 2009 was broken last week. Long term trend indicators are on the cusp. What does all…
Cycle screening measures have assumed the position. Will the market follow through?
The stock market could not break through key resistance so it fell back to threaten support. Which is more likely to break?