Time to take a pause and re-evaluate. The short cycles are having little impact. It seems the 33TD cycle is dominant and pushing up hard. It is about 11 trading days to the top of this cycle. So we may get some flat to slightly down days over the next 2 weeks, but based on current market action it appears we push higher. Do we test old highs? That is definitely possible.
Take a look at how this cycle dominated on the downside and then imagine a mirror image to the upside. I believe that is close to what we can expect.
Here is a projection of that time period:
GL traders. Do your own analysis.
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