Cycles The market confirmed the prior indications of xxxxxxx (subscriber version only) in cycles up to 13 weeks, as well as a probable 6 month cycle xxxx.
Initial short term cycle projections point to xxxx (subscriber version only), which would be a xxxx xxxx xxxx. There are no projections yet for cycles of 13 weeks to 6 months, and no indication yet of a 10-12 month cycle upturn. That will be signaled by what happens when the previous high of 4550 is tested.
On the third rail chart there now appears to be a flat intermediate channel. Support is at least week’s low of 4279. Resistance is indicated at the September high of 4546. A measured move indication coming out of this upside reversal points to xxxx-xxxx (subscriber version only).
On the weekly chart, updated long term cycle projections as of October 10, 2021 show targets ranging from xxxx to xxxx for cycles of up to 7 years (subscriber version only).
Long term momentum indicators suggest xxxxxxxx for xxxxx (subscriber version only). They normally form negative divergences long before price peaks.
On the monthly chart, the uptrend channel remains intact. SPX would need to end October below 4275 to break the uptrend channel. If the uptrend stays intact, the market could head for a very long term resistance trend at xxxx (subscriber version only).
The monthly long term cycle momentum indicator remains bullish.
Cycle screening measures have confirmed the uptrend and given an intermediate term xxxxx (subscriber version only) xxxx by xxxxxxx an 11 month trend of declining peaks.
Swing trade chart picks will be posted Monday morning.
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.