Weekly outlook: "This week the 4.5 month cycle turns down after topping the past week" early on this call as late in week before "The 4.5 month and 9 month cycles should start gaining down side momentum so a slight downside drift is possible."
Bonus post on Kitchin cycle: "The market is at/nearing a major cycle top."
Not perfect, near miss on my calls. Now that the longer cycle (4.5 month) cycle is showing dominance (and 9 month also down) expect another down week.
I am asked how to set potential price(s): A frequently used method is a Fibonacci sequence.
gl traders
1975 ?? Oct nov time frame ???
ReplyDeleteFibonacci levels can give you support areas Conrad
ReplyDeletehow did you calculate 60+160=220 ?
ReplyDeleteI think He is picking the Top and the Bottom of the DPO chart underneath SPX.
Deletecorrect H2535, the DPO span for the 100 day (4.5 month) cycle
DeleteSo still a possibility we see 1950 a good low come nov 2016
ReplyDeleteMaybe......
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