As I mentioned last week continue to watch R2K and NAZ as the key to whether the market has topped. Notice we get small breaks up on SnP 500 but no real break out.
Here is a visual:
GL traders
Monday, April 7, 2014
week of Apr 7, 2014 outlook
The 3.75-4 month cycle is down and has tended to be the dominant cycle. So even though the 7.5-8 month, 2 month, 1 month cycles are up expect sideways movement with periods of downside mixed with pops. Mixed earnings results could definitely give us a choppy market. I do not expect huge moves up or down yet....
As I mentioned last week continue to watch R2K and NAZ as the key to whether the market has topped. Notice we get small breaks up on SnP 500 but no real break out.
Here is a visual:
GL traders
As I mentioned last week continue to watch R2K and NAZ as the key to whether the market has topped. Notice we get small breaks up on SnP 500 but no real break out.
Here is a visual:
GL traders
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expect sideways movement with periods of downside mixed with pops. So far, the week is as expected..
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