The up sloping trend line was broken and has become a resistance line as market moves up/down beneath that trend line. Beta has become stronger with this trend line violation.
Cycle alignment favors more down movement.
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, August 23, 2019
Wednesday, August 14, 2019
AUG 15, 2019
nest late Sept (or early Oct):
In the interim expect volatility up and down with a downside bias. Nest of 40, 20, 10, 5 week bottom near end of Sept or early Oct.
In the interim expect volatility up and down with a downside bias. Nest of 40, 20, 10, 5 week bottom near end of Sept or early Oct.
Good Luck
Saturday, August 3, 2019
Subscribe to:
Posts (Atom)