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Cycle Screens Weaken But Here’s Why They Say It’s Still Too Soon To Short

Cycle screening measures weakened slightly again on Friday in spite of the slight uptick in the S&P. However, they remain overbought with continued strengthening in the already extremely strong numbers in the 6 month cycle measures. Here’s why they suggest to continue to avoid the short side until certain conditions appear.

What Do Mega Strong Cycle Screening Numbers Mean If This Is a Bear Market?

Cycle screening measures weakened slightly on Wednesday but remain extremely overbought. That’s a normal feature of the initial thrust of a big intermediate up phase. There’s usually enough residual momentum to keep the pot boiling for months, with the dregs churning to the surface in the process. These measures cannot answer the question of the…