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.
Cycle alignment favors more down movement.
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
Wednesday, August 14, 2019
AUG 15, 2019
nest late Sept (or early Oct):
In the interim expect volatility up and down with a downside bias. Nest of 40, 20, 10, 5 week bottom near end of Sept or early Oct.
In the interim expect volatility up and down with a downside bias. Nest of 40, 20, 10, 5 week bottom near end of Sept or early Oct.
Good Luck
Saturday, August 3, 2019
Tuesday, July 30, 2019
Last week of July - 2019 outlook
5 week cycled topped (turned down),. Ditto for 10 week cycle. first half of August may be down hill. (XAU added as update)
Good luck traders
GOLD:
Good luck traders
GOLD:
Saturday, July 20, 2019
outlook week of July 21, 2019
10 week cycle topped as 5 week cycle bottomed and turned up (along with uptrend for 20 week cycle). 2 cycles up (mo up should win next 2-5 days).
Good luck
Sunday, July 7, 2019
Saturday, June 29, 2019
Thursday, June 20, 2019
June 21 outlook
Lack of pullback after FOMC indicates market is not ready for pullback yet. Sometimes you get the BEAR - sometimes the bear gets you.
Good luck
Good luck
Sunday, June 16, 2019
June 18, 2019 weekly outlook
Early week up. FED meeting could reverse market by mid week. Chart confirms this - see for yourself:
GL traders
GL traders
Saturday, June 1, 2019
June 3, weekly outlook
The 40 week cycle has turned down. The 20 week cycle is UP... The 10 week cycle is TOPPING, as the 5 week cycle BOTTOMS. (10 week mid cycle dip may be enough to trade and it may not be enough to trade. Be careful.)
Given this interaction of cycles we have seen about 6-7 % pull back in the SnP 500. This should be enough to warrant s bounce next week as the 10 week cycle turns down along with the 40 week being down.
GL traders
Given this interaction of cycles we have seen about 6-7 % pull back in the SnP 500. This should be enough to warrant s bounce next week as the 10 week cycle turns down along with the 40 week being down.
GL traders
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