The longer cycle is well past its mid-point and has become right translated. This should lead to substantial downside pressure during July. This week you have 2 cycles down, one near expected top by end of week and the shortest cycle up. This should give some downside during the 4 trading days this week. probably around 1% for the week.
1% down.. to around sp'1940...and then up again into mid July..1970, 80s..or beyond.
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Despite the cycles, primary trend remains 100% bullish.
Bears need a July close <1900. Even that looks...difficult.
You may be right, but as noted the stocks have already passed the mid-point top and are now right translated for the longer cycle. Usually that increases the odds of a 2-3 month pullback. Will post a second half of the year outlook looking at the longer medium length cycles soon.
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