weekly outlook Aug 28, 2017

As expected the formation of a bottom is taking time, but should be about finished.  If so next two weeks may see a bounce  into mid September.  After that some more pullback is possible (see Bradley Siderograph posted in August).  Too early to make a call......

GL traders

Week of Aug 21 outlook

Nested  bottom forming, may take 1-2 weeks to complete bottom and then a small bounce?

 

GL traders

Month of August 2017

Weekly chart showing longer cycles.  Bottom (weekly cycles) may be in (or should be soon).  Appears this correction will be 5% or less.  Of course, that could change  depending on Trump/NK and threats over the weekend.

Daily cycles appear to show bottom may be in but likely bottom will complete during the week.

Even shorter cycles here:

The 12 1/2 days cycle is made up of 3 4+ days cycles:

GL traders

Weekly outlook for Aug 7, 2017

Corporate earnings looked good for the quarter.  Friday's employment numbers were good.  But there are also negatives as some 9,000 retail stores are set to close over the net few months (not all of this is Amazon, partially due to very skinny pay increases, or increased debt due to lots of Autos being sold last two years).  And auto sales are now flat to down (not a good sign for the economy).  STILL the market inches higher.

Appears we will get an extended 9 month cycle into late August or early September (at least?).  But, you can never be sure about what the market will do.  We could still get a 5% or more slide next week, so watch for a trigger......

GL traders

Jul 31, 2017 weekly outlook

The market doesn.t seem to want to pull back. A 10% (250 S&P points) would be a moderate pull back, but someone is not reading my charts.  LOL -  chart below

Also the Siderograph chart is projecting an Aug 18 bottom:

GL traders

weekly outlook for July 24, 2017

Still time for a sharp sell off into the cycles nested bottom.  Keep a lookout for a trigger.

GL traders

July 17, 2017 outlook

Chart for upcoming market.  Will we  get the expected down turn?

 

GL traders

July 10, 2017 weekly outlook

As we move closer to a nesting bottom it appears that the nesting may occur by early August.  This is sooner than previously thought.

during the next week I expect some weakness first part of week and an attempted rally latter part of the week.

GL traders

outlook week of July 3, 2017

Several longer cycles appear to be heading for a "nested" bottom in August or Early September?

GL traders

July and August 2017 outlook

We all know that at some point the market corrects.  Appears multiple cycles bottom  (nested bottoms) late August or early September.  That should lead to a market down turn.   Note: That markets generally spend less time going down than going up, so any pull back could be short and nasty.  I recall reading that markets generally spend about 25% or less of a cycle span going down.

  GL