The cycle screens did not confirm yesterday’s rally. The 6 month cycle projection has been reached, but the 13 week cycle projection has dropped to 1245, with a low ideally due now. There are no buy signals yet. The short term indicators are still mostly on the sell side, with some ambiguity. This report illustrates what to look for.
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See the full sized chart with a complete explanation and analysis and get daily updates on the 4 week, 6-7 week, 13 week, and 6 month cycle projections in the Wall Street Examiner Professional Edition Daily Market Update. In addition you get multiple time frame cyclical, regression channel, and equal width channel support and resistance chart updates, in essence, a roadmap to guide your trading, daily in the Wall Street Examiner Professional Edition Daily Market Update.
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