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, June 29, 2018
weekly outlook July 2, 2018
Short cycle bottoms before week end? Longer cycles gaining some upside momentum. End of month, end of quarter.... May be a volatile week with week ending positive push.
Almost looks like there are two bear flags on the chart. Coupled with very low employment and oil up 70% these last 12 months, second longest period without a recession. I wonder if there will be a much harder correction or with all the QE that was pumped the markets will fly for a few more years yet. Maybe trump will force a correction with the trade war.
Rather interesting chart! For the short term I see it moving between the high/low levels of 2018.
ReplyDeletewas today (July 5) the expected bottom?
ReplyDeleteAlmost looks like there are two bear flags on the chart. Coupled with very low employment and oil up 70% these last 12 months, second longest period without a recession. I wonder if there will be a much harder correction or with all the QE that was pumped the markets will fly for a few more years yet. Maybe trump will force a correction with the trade war.
ReplyDeleteyour observation is correct and to be returned on the maximum perhaps a prelude to a transfer? what do you say Intel?
ReplyDelete