June 3, weekly outlook

The 40 week cycle has turned down.  The 20 week cycle is UP...  The 10 week cycle is TOPPING, as the 5 week cycle BOTTOMS.  (10 week mid cycle dip may be enough to trade  and it may not be enough to trade.  Be careful.)

Given this interaction of cycles we have seen about 6-7 % pull back  in the SnP 500.  This should be enough to warrant s bounce next week as the 10 week cycle turns down along with the 40 week being down.

GL traders