Gold continued its surge toward the next major resistance rally. This report shows why indicators are heading toward confirming a new cyclical bull market.
Technical indications didn’t support the selloff, so I looked at whether that supported a rally or not.
More indications of short term strength raise the possibility of truncation of the intermediate down phases. It has me thinking that the Fed may be too late (what else is new) in dialing back on QE, and that the stock market could embark on a massive bubble blowoff. Here are some of the benchmarks to…
Short term indicators confirmed upturns in short term cycles. Intermediate indicators mostly remained on the sell side with the exception of one indication from a cycle screening measure that the 13 week cycle down phase is being interrupted.
There were mixed technical signals as the market averages weakened Wednesday, while some longer term indicators are starting to flash signs of trouble ahead.
A 6-7 week cycle low may be forming, but what about bigger cycles?
The market sank quietly below what should have been a support level today. Short term and intermediate indicators remain in gear on the sell side. Price and time projections for the down phase are becoming clearer.
The market edged below a key support level Friday but a low is due in the 6-7 week cycle. What would a rally now mean?
After doing what bears are known to do in the woods for lo these many months, they finally came out today. But the question is whether they’ll stay out. This report looks at the likelihood that this is more than just one day in the sun.
The signs of an intermediate down phase are fairly clear, but the likely severity isn’t yet. It will depend on whether these benchmarks are breached in the market averages and cycle screening indicators.