Friday, May 13, 2016

May 16, 2016 weekly outlook

The SPX has been down 3 weeks in a row.  Surprised SPX not down more.  Was expecting market weakness, but this week not as weak as expected. 

The upcoming week should continue down this week as several cycles are synched down.... 

GL traders



    The "M" formation

    1. what does it mean, all the cycles turning down end of june it will be low, then another rally

    2. That is what the cycles suggest, with a 20 week cycle bottom shortly after the elections?

  2. IMHO, ALL Time New Highs Dead Ahead! The Fed Jaw Boning to commence and the PPT ready to expend $200 Bil on futures calls to goose the market.

    nObama and Yellen have a pact that there shall be no market crashes until after the election.

    Fairy tale?

  3. Question is - if new highs - when. When a market is volatile in a range it is usually a sign of distribution. Since the beginning of the year some $44b has been taken out of the market (buybacks exceeds IPOs and secondary offerings for example?)