Wednesday, June 29, 2016

July 2016 outlook

I had been showing the last week of June as a point at which several cycles (medium/short term) achieved bottoms.  If you followed along you know this.  It is starting to appear that the bottom may have been set even though 1 more push down may be possible as determining bottom dates is not an exact science.  Still, my record looks reasonably good.....

If bottoms were set as I suspect then we start July with the medium/short length cycles turning up so the first half of July should show some upside strength (20, 10, 5 week cycles up).  By mid month the 5 week cycle tops and turns down so we could see some weakness the second half of July.


For your education and reading pleasure:
http://www.readtheticker.com/Pages/IndLibrary.aspx?65tf=108_jim-hurst-method

GL traders

TELSA requested:


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5 comments:

  1. InletJune 29, 2016 at 11:20 AM

    Spamming fee based trading services will be deleted

    ReplyDelete
  2. HaejinJune 29, 2016 at 1:00 PM

    Would you kindly post your cycle analysis of TSLA? Thanks!

    ReplyDelete
  3. HaejinJune 29, 2016 at 6:55 PM

    Thank you very much! Much obliged!

    ReplyDelete
  4. UnknownJune 29, 2016 at 9:37 PM

    I closed most of the longs yesterday, decent proft as I overweight longs in the 1990-2110 area. I also agree with your view, and will wait for a Higher Low to overweight longs once again. JUN 28, the 70 day cycle, was once again spot on.

    This is my current view (weekly, daily and 4h chart)
    http://tripstrading.com/2016/06/30/sp500-buy-lows-megaphone-patterns-next-cycle-dates/

    Enjoy the day all!

    ReplyDelete
  5. InletJune 30, 2016 at 8:30 AM

    I notice your time notations are in calendar days (ie 70 days = 10 weeks, 140 days = 20 weeks). Those referencing your charts should note that we use the same time spans for cycles.

    ReplyDelete

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