Saturday, May 6, 2017

May 8, 2017 weekly outlook

Last week as the week ended we saw new highs on major indexes (barely). Early week some weakness, but earnings and stats pushed the market up by end of week.

In the upcoming week we have 3 cycles  down and 1 up.  Since the 9 month cycle appears to be dominate - expect some weakness  in the upcoming week.



Good luck traders
 

2 comments:

  1. #HurstCycles ALERT: SP500: Index: Price touched 20 Week downward VTL from BELOW at 2396.91 - http://ow.ly/CMSyx #fb

    ReplyDelete
  2. All you want to do is predict whether the market industry will rise, buy a new call, and if the market industry goes up you generate profits. Or on the opposite, predict the commodity will fall within a short time and you will also generate profits. Binary Trading Software It is as straightforward as those scenarios. You don't need to to buy and carry, just trade in the direction in the market.

    ReplyDelete