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Weakening Cycle Patterns in Stocks Portend Worse to Come

Cycles – The 6 month cycle should be in a xxxx xxxx xxxx (subscriber version). Here’s why the next low could entail a short term crash.

The 10-12 month cycle projection now points to xxxx (subscriber version), but there’s still room for it to shift over the next 2 months. Indicators for that cycle are at new lows. A potential positive divergence from the market averages has been obliterated.

Technical Trader subscribers click here to download the complete report.

Short term cycle projections now point to xxxx-xxxx (subscriber version), with lows due between now and the end of March.

Third Rail Chart – Trend resistance begins at 4290 on Monday, descending to 4275 and/or 4240 on Friday. If they clear those, then the next resistance zone and target would be the xxxx-xxxx (subscriber version) area.

On the downside there are multiple support lines from 4200 to 4175 this week, with rising long term channel support at 4150. If xxxx (subscriber version) is broken, it’s game over for the bulls.

Long Term Weekly– Long term cycle momentum has joined 3-4 year cycle indicators in signaling a likely bear market.

Monthly Chart – The market now looks unlikely to return to the uptrend channel. Trend support is around xxxx in March. Long term momentum is on a preliminary sell signal.

Technical Trader subscribers click here to download the complete report.

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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. 

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