Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.
Friday, May 13, 2016
May 16, 2016 weekly outlook
The SPX has been down 3 weeks in a row. Surprised SPX not down more. Was expecting market weakness, but this week not as weak as expected.
The upcoming week should continue down this week as several cycles are synched down....
Question is - if new highs - when. When a market is volatile in a range it is usually a sign of distribution. Since the beginning of the year some $44b has been taken out of the market (buybacks exceeds IPOs and secondary offerings for example?)
http://sentienttrader.com/wp-content/uploads/2016/02/mid_channel.jpg
ReplyDeleteThe "M" formation
what does it mean, all the cycles turning down end of june it will be low, then another rally
DeleteThat is what the cycles suggest, with a 20 week cycle bottom shortly after the elections?
DeleteIMHO, ALL Time New Highs Dead Ahead! The Fed Jaw Boning to commence and the PPT ready to expend $200 Bil on futures calls to goose the market.
ReplyDeletenObama and Yellen have a pact that there shall be no market crashes until after the election.
Fairy tale?
Question is - if new highs - when. When a market is volatile in a range it is usually a sign of distribution. Since the beginning of the year some $44b has been taken out of the market (buybacks exceeds IPOs and secondary offerings for example?)
ReplyDelete