How quickly things change in a thinned out range. The market’s rapid recovery now suggests that the 4 week cycle up phase has returned after the BREXIT surprise truncated it. Here’s what that’s likely to mean in the bigger picture.
This bulletin projects the likely targets of this intermediate term top breakdown and shows why it may have longer term implications. Market Indicators Update
The market was on its way to testing the top of the range when the BREXIT vote surprised traders and the rally was truncated. But as dramatic as the move was, there was no downside breakout. Market Update Pro subscribers click here to download the complete market update, including cycle screens report in pdf format. Weekly…
The market appeared ready to fall apart early last week as it plunged through multiple trendlines in the lower half of the intermediate uptrend channel. Then it looked even worse when it broke through that channel early on Thursday. But the magic hand appeared on Fed Policy Resubstantiation Rally Day, and it was enough to…
The evidence suggests that the market made a short term cycle low today. The question is how far the bulls can run with that. This report covers likely targets and contingencies. Market Indicators Update
Short term cycles topped out as expected but it’s not clear how much damage remains to be done. Here’s what we do know about the key levels and trigger points to watch. Market Indicators Update
The question is whether the market can make it to the other side of the gorge. This report looks at the triggers that should tell us whether it will or not. Market Indicators Update
The market’s tiny loss today has some of the earmarks of being significant. This is a bulletin to update the weekly market report.
The 13 week cycle turned up last week. That at least kept the 6 month cycle in a flat down phase. Cycle screening data was much stronger on the week. That resulted in a breakout in the aggregate measure. Market Indicators Update
The 13 week cycle is overdue for a bottom after it briefly pierced support at 2050 and then rebounded. This report tells what that means for the outlook.