That’s right. Ugh.
Mixed cycles now suggest development of a trading range that could last xxxx xxxx (subscriber version only).
Short term cycles have turned up. The 13 week cycle has probably also bottomed, although indicators are lagging. The only projection is xxxx, for the 4 week cycle (subscriber version only).
The 6 month and 10-12 month cycles still appear to be in flat down phases. They suggest rangebound trading ahead for xxxx xxxx xxxx (subscriber version only).
On the third rail chart if the S&P clears xxxx , it should fly right back to xxxx. If xxxx holds, then they’ll probably pull back to test the xxxxx area, or even xxxx, before rebounding again (subscriber version only).
On the weekly chart, the long term uptrend is bending, but it remains unbroken. The xxxx area is now a critical fulcrum. If it creates space to the upside, then the market could trundle up along the next trendline, or accelerate if it breaks through. That line rises from about xxxx to xxxx in October. The SPX would need to break xxxx to signal an intermediate downtrend (subscriber version only)..
Long term momentum indicators suggest higher for longer. They normally form negative divergences long before price peaks.
The long term cycle projections of xxxx to xxxx are still viable, with highs due between now and next year(subscriber version only)..
On the monthly chart, the S&P 500 ended August at or above long term trend resistance around xxxx. This suggested more upside. It needs to break xxxx in September to signal an end to the uptrend (subscriber version only)..
The long term cycle momentum indicator remains bullish.
Cycle screening measures rebounded and are in position to render an intermediate term bullish signal if the rally continues this week. However, a stall would reinforce a neutral to bearish intermediate trend outlook in these indicators.
These reports are not investment advice. They are for informational purposes, intended for an audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance.