Longer term we have a 40.68 month (3.39 yr) cycle set to top in 2 weeks around Nov 19. This will lessen upside momentum and in December may even add to downside pressure. In mid January we have a 1 year cycle topping and turning down. We also have a 2 year cycle down into May. So sideways to a bit up thru November, sideways to a bit down in December. Then we get a sizeable downturn starting mid to late January which will last into early to mid May.... Here is a how it looks visually the next 2-3 months.
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