Friday, May 1, 2015

May 4, 2015 weekly outlook

The week just ended was mostly sideways with volatility (1-2%) up and down.  This was much as I posted based on conflicted cycles and indicators. 

The coming week seems clearer.  The 2.5 week (12 TDs) cycle is down thru the first 2-3 days of the week.  The 5 week cycle (24 TDs) topped and turns down.  The 10 week cycle continues down. The 20 week (Wall cycle) continues up for 2-3 weeks.

So to begin the week 3 cycles are down and one up.  By mid week the shorter cycle bottoms and turns up.  So a notable pull back should be noticeable for the week with a bottom by May 5-6 and sideways to up near the end of the week.

TSI continues to diverge (down while market was/is  sideways to up).  A sign of potential weakness.  CCI is slightly oversold.

GL traders


  1. Thursday AM May 7 - so far much as posted...

  2. Thursday PM - After market close. Appears that Wednesday may have been mid week bottom I expected.

  3. You've had some great calls the past few weeks. Really appreciate the great work you share here! Any insights into the bias of early next week?

    1. Not yet, but I suspect we test old highs first of next week. I will try to be more detailed later.