The market trundled upward from short term trend support, seemingly taking aim at the top of the triangle pattern that formed off the August 24 low. It could get there and more if it surpasses a minor stumbling block.
The market is changing direction so quickly and in such big chunks that cycle screening data can’t keep pace. So we must stay focused on the big picture. Here’s what it is telling us.
Time analysis suggests lows on short term cycles are due within a week or less, but the 13 week cycle low isn’t due for 3-7 weeks. That’s time for unprecedented damage relative to modern markets. Here’s what we’re looking at for guideposts.
The market obliterated expected support levels in providing more evidence that a bear market is under way. Prices are racing ahead of most cycle projections but one projection has given us a target. Here’s what to look for.
Cycle screening measures strengthened slightly on Friday as they continue a pattern of flip flopping in a tight range.Here’s what to look for.
When the market is set up so that anything can happen, you can be sure that it will. The question is, “What,” and on top of that, what to do. We’ve come to the fork in the road, and we know we must take it. Here’s a guide that suggests how to know whether to…
We are back in business after fully recovering from Wednesday’s major system crash. The upgraded software is finally doing its job, and will actually save me a few minutes each day so that I can get these reports out to you a little earlier. Thanks for your patience! Cycle screening measures were weaker on Friday,…
SPX ended the week below the long term trendline from the 2011 and 2013 lows and on the verge of breaking another support line around 2075. But that was not the only sign that the times, they are a changin’.
The market pulled back slightly on Friday, setting up a new potential short term downtrend channel. That channel should either be validated or broken early next week. Download this report to find out what needs to happen for clearer short term signals and why calling the intermediate and longer term trend is even more difficult.