11-09 mid week cycles update

As we indicated on the weekend with the 5.5 day cycle turning down on Monday we might get a pullback.  We actually expected a green open Monday (didn't get that) and a pullback in the last half of the day.  So maybe the 5.5 day cycle will bottom by midday tomorrow.  In any case - it should bottom by the end of the day.  This will reduce down side pressure Thu/Fri.... 

Still the 22 day cycle and 34 day cycle will be down thru the end of the week.  The 45 day cycle is up.  So Thu/Fri should be a battle between the 5.5 day cycle plus the 45 day cycle and the 22 day cycle plus the 34 day cycle.  Uncertain which of the shorter cycles will  prevail - my guess is we end the last 2 days of the week without much progress up or down.  If there is a tie breaker it is the longer cycles (which are up) and we move up some the last 2 days of the week.

Here is the SPY (which I use as a market proxy):