Looks like the last hour did in my expectation of a "red" day. We may have gotten the push up just a little sooner than I expected.... With the market closing near the day's highs you often get follow through the next morning.
It appears we may get some more upside early in the day. I believe though that any upside will begin to fade by the afternoon (or earlier) as the longer term bias (34TD, 22TD, 11.2TD cycles) is down for the next 3-4 days. May be an opportune time to reload RWM and QID in the morning. We will see. In summary - up early and then fade later.
Here is the SPX swing cycles:
GL traders. Do your own analysis. I will be watching for QID to break below 52 and RWM below 33.75 for potential entries. How much below - depends on how the market acts tomorrow morning.
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