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Stock Cycles Point Upward but High Due Soon with S&P Near Projections – Technical Trader Report

Cycles are in gear to the upside. A 6 month cycle high is due shortly, but projections point much higher.  Non subscribers can click here to access.

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Cycles are aligning for an upward trend. A 6-month cycle high is expected shortly, but projections suggest even greater potential. Non subscribers can click here to access.

Cycle Analysis:
The 6-month cycle projection has increased to xxxx, though it’s worth noting that the 13-week cycle projection of xxxx appears more realistic. There are still x-x weeks left in the current up phase. Non subscribers can click here to access.

Short-term cycles are in sync, with projected highs of xxxx expected this week. Any mild correction could pave the way for a breakout toward the 13-week cycle projection. Non subscribers can click here to access.

Cycle Screening Measures:
Data was weak last week, no longer supporting the rally. A down day on Monday would break the pattern of higher lows. If the market holds, the pattern remains neutral to modestly bullish. However, the 6-month cycle measures have flipped to xxxxxxxxxx, signaling at least a xxxxxxxxxxxx. Smoothed, lagged measures are on the verge of triggering xxxxxx if the market holds steady this week. Non subscribers can click here to access.

Trend Channel Analysis:
The lower trendline of the sharpest short-term channel is rising from xxxx to xxxxx this week. If the market closes above xxxx on Friday, it will remain in an intermediate-term uptrend. Support at xxxx is the next level, with a potential drop to a significant support cluster around xxxx if broken. Non subscribers can click here to access.

Long-Term Weekly Chart:
The market is rising in the mid-channel, with clearance to xxxx by year-end. Channel support rises from xxxx to xxxx by mid-January. Non subscribers can click here to access.

Monthly Chart (12/2/24):
The lower channel bound sits at xxxx this month, with the upper bound around xxxx, setting the stage for potential price action in the coming weeks. Non subscribers can 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. 

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