Sept 8, 2015 weekly outlook

When we look at the upcoming projected bottoms for longer cycles we see that bottom time is approaching. We see that these cycles are well into the second half of the cycle.  Normally the most down side within a longer cycle will occur in the last 1/8 to 1/4 of the cycle.  So far the market is flat in the first half of 2015 (topping process) and down in Aug/Sept.  So the bottom should occur by late 2015 or early 2016 as shown in this chart:

The 7 year, 3 1/2 year and 13 1/2 + month cycles are down.  This should provide a down side bias.

But if we focus on the shorter cycles  (20 week - 4.5 months, 10 week, 5 week, 2.5 week) we see they are all up at this time providing some off setting up side.  So do we go up or down?  A third possibility is sideways during the week. In my opinion we go sideways with a downside bias.  We may test the prior sub 16,000 DJIA level.

I expect around mid September we test that low and then in the last half of September we break below that level as some of the shorter cycles top and add to the downside pressure.  Here are the shorter cycles but it appears the longer cycles will cancel out the upside effect of these shorter cycles:

GL traders