Sunday, August 10, 2014

Outlook for the week of Aug 11, 2014

I felt  the prior week would be mostly flat for the week with possibly a small drop.  It was flat with a small increase. Close, but not a bull's eye hit.  Looking at a short term chart it looks like monthly (lunar -28/29 calendar days) should bottom by Tues 8/11 (+/- 1 day) along with the half cycle (10-11 TDs).  So I see some potential downside in the early week.  By the end of the week the shorter cycles will partially offset the downside pressure of the longer cycles.  So it looks like a flat to down week.

Here is a visual:

 GL traders

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