But bear market V bottoms end with different results than bull market V bottoms. The warning applies for a reason other than the one we are accustomed to.
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Cycles- Short term cycles are due to bottom now. The 4 week cycle projection of xxxx is done. The projection on cycles of 6-8 weeks points to xxxx. So the most obvious scenario would call for a xxxxxxxxxxxxxxxxx now, followed quickly by xxxxxxxxxxxxxxxxxx. Non subscribers click here to access.
Longer cycles are all pointed down, with lows xxxxxxxxxxxx xxxxxxxxxxxxx, with a 6 month cycle projection currently pointing to xxxx. .Non subscribers click here to access.
Third Rail Channels – The market would need to end this week above xxxx to get anything going on the upside. Conversely, an early week daily close below xxxx would immediately target xxxx, and if that did not hold, xxxx. .Non subscribers click here to access.
Long Term Weekly Chart – The market broke critical support at 3700 last week. Trend support is around xxxx this week. If that breaks, the next target area would be around xxxx, then xxxx. Non subscribers click here to access.
Monthly Chart – The S&P 500 fell below a long term support trend convergence at xxxx. The next
support level is around xxxx, and below that, xxxx. Long term momentum has edged to a 15 month
low, but has not broken its uptrend channel. Non subscribers click here to access.
Cycle Screening Measures – The aggregate extended its crash to reach its lowest point since February 2020, during the Covid Crash. It’s the first time it has been below -2000 since then. This suggests that the market is within xxx to xxx months of a bear market low, but xxx xxx xxx xxxxx xxx. Even 1 month is enough time for massive damage. Non subscribers click here to access.
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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.
