It appears the longer 20 week Wall cycle should top Mar 1. At the same time you have shorter cycles that have just bottomed . So we start the month with offsetting cycles. It will take a week or more for the 20 week Wall cycle to build down side momentum. I suspect we continue sideways at least thru the first full week of March. We will have to see if the 20 week Wall cycle has enough strenth to give us a bit of down side. By mid-March we get cycles sychronized to the downside (Ides of March).
Here is how I see the SPX going into March:
Gl. More of the same?
No comments:
Post a Comment