Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.
If we do not see a hard reversal this week this is the right cycles map..... Short term it is more bullish than I have expected, but intermediate term and long term it is more bearish than expected. Looking at indicators and EW SP500 could levitate above 2000 to 2050 in September and after that is down down down for 18 month cycle low. And this will be the second 18 month cycle(from three) from the second 54 month cycle(better known as 4 year cycle) from 9 year cycle..... not very bullish when all cycles of a bigger degree point lower.
If we do not see a hard reversal this week this is the right cycles map.....
ReplyDeleteShort term it is more bullish than I have expected, but intermediate term and long term it is more bearish than expected.
Looking at indicators and EW SP500 could levitate above 2000 to 2050 in September and after that is down down down for 18 month cycle low.
And this will be the second 18 month cycle(from three) from the second 54 month cycle(better known as 4 year cycle) from 9 year cycle..... not very bullish when all cycles of a bigger degree point lower.