The market broke major support on Friday and is now hanging by a thread, the thread being the possibility that the break was just a final shakeout of an oversold 13 week cycle low. Any downside follow through on Monday would suggest that the 6-7 week cycle is dominant, and may be headed below the current 13 week cycle projection of 1255. This report shows which support levels should mark the final lows of this move, as well as the longer term trend.
Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here to become a member and get instant access to the current report and all past reports.
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.
Enter your email address in the form to receive email notification when Professional Edition reports are posted.
Follow @Lee_Adler for my real time commentary and news updates during the day.