outlook for 09-06-2011

It appears the 22TD cycle has topped as we were expecting in this time frame.  So that means the 67TD (65-70 TDs) is down, the 34TD cycle . the 22TD cycle is down.  This provides a lot of head wind for the shorter cycles this week.

The 11.2TD cycle, the 5.6TD cycle and 2.8TD cycle have turned up.  Normally we would expect an upside bias with these 3 shorter cycles up, but any up side pressure from these shorter cycles is apt to be over whelmed by the longer cycles down.  So Tuesday could be a volatile day, but at the end of the day the S&P is apt to be down 15 points or more

Here is the SPX swing cycles:

GL traders.  Do your own analysis.