Cycles – The pending test of the post-election high looms large. If the market clears xxxx, then it would clear the way for a run to xxxx in December. That would make it eminently doable for the initial 6 month and 10-12 month cycle projection of xxxx by late March. But if it stalls with no breakout, we should be alert for xxxxxxxxxxxxxxxxxx xxxxxxxxxxx. Non subscribers click here to access.
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Cycle Screening Measures – For the time being, the uptrend remains xxxxxxx xxxx xxxxx xxxxx. The slower measures are in xxxxxxxxxxx patterns, or are neutral, but there’s no xxxxxxxxxxxx xxxxxxx xxxxxxxx xxxxxx signal.
Third Rail – The key trend support levels on Monday are around xxxx and xxxx. If either of those xxxx xxx, then the uptrend xxx xxxx xxxx xxxx. Those lines rise through the week to xxxx and xxxx. If the market is xxxxx those levels on Friday, xxxxxxxxxxx xxxxxxxxxx xxxxx. Even if they break, a short term uptrend would still be in force until there’s a close below 5845.
Long-Term Weekly Chart – 3-4 year cycle indicators have whipsawed, and may be signaling trending as opposed to the beginning of xxxx xxxxxxx. As long as they stay flat in this range, the xxxx xxxxxxx xxxxxx xxxx.
Monthly Chart – 10/21/24 The market is approaching its upper channel bound at xxxx, now, rising to around xxxx in November and 6150 in December.
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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.
