Menu Close

Major Inflection Point

As Americans make the decision of what kind of government they want, the stock market also faces a major decision this week. Indications are mixed in all time frames. We await a clear signal. Here’s what we’re looking at as deciders.  Non subscribers click here to access.

Technical Trader subscribers click here to download the complete report.

Cycles – Short-term cycle lows are due xxxxxxx xxxxxxx and projections have xxxxxxxx xxxxxx. But the up phases in 6-month and 10-12 month cycles are in question. Any weakness this week would xxxxxxxxx xxxxxxxxx xxxxxxxx . By extension, if those cycles xxxxxx xxxxx xxxxxxx , that would suggest xxxxx xxxxxx xxxxxx  in longer cycles as well. An extension of the rally this week could xxxxxx xxxxx xxx.

Cycle Screening Measures – The aggregate indicator set up a potentially higher short-term low on Friday. If the market rallies Monday, then this would tend to support a xxxxx xxxxxxxx xxxxxxxxx. But the intermediate pattern has turned xxxxxxxxxx, with xxxxxxx  highs and xxxxxxx lows. Likewise, the 6-month cycle numbers are solidly on the xxxx side. Barring a xxxxxxxx xxxxx, these numbers suggest an xxxxxxxxxx xxxxxxxx. That, in turn, would suggest impending xxxxxx xxxxxxxx in longer cycles.

Third Rail – The market setup up a new short-term downtrend. A down day on Monday would confirm that trend. Conversely, a weekly close above xxxx would break it and keep the uptrend intact. That would keep the measured move target of xxxx still in view.

Long-Term Weekly Chart – A weekly close below xxxx would suggest a possible major top. Conversely, holding above that would allow for the likelihood of xxxx around year end or January.

Monthly Chart – 10/28/24 The market is approaching its upper channel bound at xxxx, now, rising to around xxxx in November and xxxx in December.

Subscription Plans

Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! 

Attention New Subscribers! Please check your spam folder for your subscription welcome messages and post notifications and whitelist Liquiditytrader.com. Some email providers like Hotmail and others which use the Proofpoint gatekeeper are blocking Liquidity Trader emails completely. I have been unable to get them to stop. Please notify them to “Let my emails go!”

If you continue to have issues receiving Liquidity Trader emails, just check here daily at 9 AM ET for the latest posts.

THANK YOU FOR YOUR SUPPORT!

_______________________________________

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
%d bloggers like this: