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To Blow Off, or Not to Blow Off – That Is the Question

Wall Street is largely theater, so we need to be able to suspend disbelief if we want to invest and trade successfully.

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Cycles- All cycles remain in gear to the upside, but cycle highs are due xxxxxxx xxxxxxx in all cycles up to 13 weeks duration. Cycle projections of xxxx-xx on the 13 week and 6 month cycles, and xxxx on the 4 week cycles have yet to be hit, so an xxxxxxxxx xxxxxxxxx xxxx is still possible. But it should be the xxxx xxxxxx for xxxxx xxxxxx. Non subscribers click here to access.

The 10-12 month cycle high isn’t due until xxxx xxxxxxx xxxxxxxxx. So we could be in for a lot of xxxxxxxx xxx and xxxx for the next xx xxx months. Unless the market xx xx xxx this week, from a technical perspective the bias should be to the xxxxx for xxxxx months. That’s xxxxxxx xxx the liquidity backdrop. Non subscribers click here to access.

What to do! Non subscribers click here to access.

Hold on to your hats and be nimble.  Non subscribers click here to access.

Third Rail Channels –  The market now faces trend resistance at xxxx. If they clear that, the next trend resistance channel line is indicated around xxxx early in the week, headed for xxxx later in the week. Non subscribers click here to access.

Closing above xxxx would result in a conventional measured move target of xxxx. A daily close below xxxx would be needed to suggest even the possibility of a short term downside reversal. Non subscribers click here to access.

 Long Term Weekly Chart –  The 10-12 month cycle bottom looks xxxx. The market is now entering an area of what should be massive resistance from xxxx to xxxx. 3-4 year and long term cycle indicators have not xxxx xxxx xxxx. Non subscribers click here to access.

Monthly Chart –  Clearing xxxx would make room for a move to xxxx-xxxx. Failing to clear xxxx would allow for a drop to trend support around xxxx. Non subscribers click here to access.

Cycle Screening Measures –  The aggregate indicator has formed a negative divergence xxx the strength of the numbers is very xxxx. The last time the indicator made a pattern like this was from xxxxx xxxx- xxxx xxxx. I need not remind you what happened during that period. 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. 

Posted in 2 - Technical Trader
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