It appears the 10 week cycle did top and turned down. That down pressure from the 10 week cycle should continue into the new year.
Can't do much better than that...
The 10 week cycle continues down. The 5 week cycle is also down. These two cycles should bottom by Monday Jan 9 and then turn up...
GL traders - hope you had a prosperous 2016.
Update Jan 03, 2017: $gold
Great post! I really like the way you have explained each and everything so well. Very well done with the Blog!
ReplyDeletetrading stock online
I agree, great work.
DeleteAny chance that the 6/27 low was the 9 month cycle low and thus it has already turned down?
ReplyDeleteOne could make the case for that.... Worth keeping that possibility in mind as the chart continues to develop
ReplyDeleteyou're always very reassuring great job thks
ReplyDeletebetti
Hmmmmm not really bottoming this time?
ReplyDeleteRUT - Russell 2000 index was down for the week. Often leads.
DeleteThe top was in this week and next week the drop will be a fast one! But imo not too deep drop as we turning upside fast because strong bull market also.
ReplyDelete