The market extended its little tear on Thursday and looks good for at least a test of the highs, with an initial projection of 1413 on the 4 week cycle. The 6-7 week cycle is now also clearly in an up phase. A 6 month cycle upturn is overdue but there’s no confirmation yet on that. Meanwhile the 10-12 month cycle should be in a top phase, but its projection rose to 1480. The idealized time for the high is May 7, but a month or two beyond that would within usual variances. The longer it takes, the more bullish it would be for long term cycles.
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