Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.
Friday, August 23, 2019
Aug 24, 2019 outlook
The up sloping trend line was broken and has become a resistance line as market moves up/down beneath that trend line. Beta has become stronger with this trend line violation.