Mar 9, 2015 weekly outlook

I told you a couple of weeks ago to look for 6-8 down days.  We got that.  I adjusted the cycles to show a bottom mid-March and so far that is looking correct.

Looks like a week that could easily end up where it starts.  Down the first part of the week and then a bounce.  On the other hand if the market decides to continue what it started Friday we could see another 40-50 points down on the SnP.    Some day we will get more than a 5-6% pullback.  The market pulls back because it thinks the FED will raise rates in 4-6 months.  Seems a bit early for that.  I think given recent cuts in earnings estimates and declines in manufacturing may finally be impacting the market.

We will have a better idea by the end of the week.  Here is a visual:

GL traders