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GL traders
Friday, May 8, 2015
May 11, 2015 weekly outlook
Past week followed script, but Friday was a bit stronger than expected. In the coming week the 3 shorter cycles are up. The longer Wall cycle (20 weeks) tops. So the bias should be up and with 3 cycles up it will be no surprise if some new ATHs (All Time Highs) are set (DJIA, SP500, NAZ) with a strong upside bias. Also, TSI and CCI gave positive indications.
Here is a visual:
GL traders
Here is a visual:
GL traders
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Thur am pre open ---Turn up later than expected....
ReplyDeleteFri close - SP500 set a closing high Thur. and again on Fri (intra day higher than close ATHs). DJIA set intra day highs Thur. NAZ close but no new highs. I did say do not be surprised if we see new highs this week. Up move was later in the week than I expected.
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