The market is poised to do something big this week. There’s the increased likelihood of a 13 week cycle upturn to give a little lift. But if they fail to get off the ground, a breakdown below xxxx could lead to a resumption of the crash.
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Cycles- The 6 month cycle remains in a strong down phase. It has a new cycle projection of xxxx, with a low ideally due in xxxx xxxxxxx xx xxxxx xxxxxx. That should skew continue to skew xxxxx xxxxxx xxxxxxx xxxxxx xx So while an upturn in the 13 week cycle is xxxxxxxx xxxxxx, it shouldn’t xxxxxxxx xxxxxx xxxxxx. Non subscribers click here to access.
Third Rail The market confirmed an intermediate downtrend channel. The top line starts the week at xxxx and has a downslope of xx PPD to bring it near xxxx at the end of the week. They’d need to clear that to break the worst phase of this downtrend. Then they would need to clear xxxx to start a rally. More resistance would then await in the xxxx area. Non subscribers click here to access.
Long Term Weekly Chart – The 18 month – 2 year cycle is has a projection of xxxx, and an idealized bottoming window that starts xxxx and lasts through xxxx xxxx. The 3-4 year cycle has a huge likely bottoming window from xxxx until xxxx xxxx, with a current projection of xxxx to xxxx. Conclusion, anything goes, with the least likely outcome being a xxxxxx xxxxxxx xxxxxx xxxxxx soon. Non subscribers click here to access.
Monthly Chart – Long term momentum has reached a critical level that could either indicate a major bottom if it turns up, or a secular bear market if it continues lower. Non subscribers click here to access.
Cycle Screening Measures – Still negative overall but with potential early warning signs of a xx xxxx xxxx xxxx forming over the next 2-3 weeks. The setup could xxx xxxxx xxxxxxx. A little weakness early this week xxxxxxxx xxxxxxx xxxxxxxx. 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.
