Tomorrow the 34TD cycle is down, the 5.6TD cycle is down, the 2.8TD cycle is down. The 22TD cycle is up. The longer cycles (20 week and 65-70TD cycles) are down. So the bias should be down. Maybe we take back today's gain? Of course we could always get a debt ceiling agreement tomorrow.... or not which could hit the market.
A visual of the SPX:
I agree with the caution...even though I see Monday as being higher...that may be the peak...and we should fall choppy like until August 4th. Even Spiral Calendar is showing a quick spike and turn for Monday. Here's the charts I promised that now include the 22,35,100TD (and all there little ones). Ydays move I think was still a part of a cycle...I made an adjustment with the inclusion of the 35TD cycles and I think I got it. I agree with Inlet about going light on the dip here.
ReplyDeletehttp://tinypic.com/r/2uyndwn/7
http://tinypic.com/r/r02x5i/7
Wow, Shadow7, That second chart is something!! How do you translate that into moves on the S&P? Looks a lot higher with some severe chop by year's end.
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