comments and 03-24 outlook

The short cycle made itself felt the first part of the day, but the longer cycles won the battle at the end of the day.  I want to give a "shout out" to JennaSue - nice call on S&P 1300.  So I was only partially right on the day.

Tomorrow we get the 11 day cycle topping before midday and turning down.   The 5.6 day cycle continues down tomorrow.   The 2.8 days cycle is down also.  It would seem tomorrow should be down - and we may get a move bigger than today.  Time will tell.

Here is the picture for tomorrow:

GL traders - do your own analysis.  As I told you in my weekend outlook - buy the dips and sell the rips, but be careful and use limit orders to buy, and trailing stops to protect from losses.

Update:  Time to step back and look at the bigger picture.  The shorter cycles are having little impact and the 33 day cycle seems to be dominating (pretty much as it did on the way down).    So I think we can assume an up bias for about 2 weeks (which would dovetail with the VIX trend change).  At best the shorter cycles seem to give us sideways action with minor dips.