The market is closing in on the round number target of 6000 that we had foreseen as early as last February. At the same time, there are early signs that we don’t want to squeeze the lemon too hard. Non subscribers click here to access.
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Short term cycles turned up last week. There’s a projection of xxxx on the 6-8 week cycles. A 13-week cycle high is ideally due xxxxxxxx xx. The 13-week cycle projection still points to xxxxxx.
However, the 3-4 year cycle indicator has edged to the sell side. That does not mean that a decline is imminent, but it suggests that the beginning of top formation is at hand. Typically, 4 year cycle tops take xxxxx months to build and break down. That allows for xxxxxx xxxxxx in the xxxx term.
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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.
