Category: 2 – Technical Trader

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Cycles still have an upward bias. But a 10-12 month cycle high is now ideally due within xxxx xxxx (in subscriber version).  The next sharp break to the downside should mark the xxxxx xxxxx xxxxx (subscriber version) of the 10-12 month and 6 month cycles.

The 13 week cycle appears to have made a xxxx (subscriber version) last week. That could spell xxxxx xxxxx xxxxx (subscriber version) for what should be the final days of the 10-12 month cycle up phase.

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On the third rail chart a key intermediate term channel and a long term channel held. Trend support rises from xxxx-xxxx (in subscriber report), with a second support line just below that. Both would need to be broken to signal reversal.

On the weekly chart, xxxx is a very important level this week. If they close below it, it should mark the beginning of top formation for this cycle. However, it would be unlikely to be the highest high. Long term cycle projections point to xxxx-xxxx with highs due between xxxx and xxxx (subscribers only).

On the monthly chart, the S&P 500 would need to end August below 4200 to signal a potential reversal of the uptrend. If the SPX clears long term trend resistance around xxxx, the target would rise to 4600.

The long term cycle momentum indicator remains bullish.

Cycle screening measures weakened but the intermediate remains tenuously bullish. Weakness this week could reverse that. Strength will confirm the trend and suggest another extension.

Swing trade chart picks will be posted Monday morning.

Technical Trader subscribers click here to download the complete report.

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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. 

Technical Trader subscribers click here to download the complete report.

A 10-12 month cycle high is now ideally due within xxxxxxxx (in subscriber report), with a final projection of 4440.

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But the 13 week and 6 month cycles appear to be in trending mode, with no projections. Shorter term cycles remain in up phases. The 6-7 week cycle has a projection of xxxx (subscriber report).

On the third rail chart the market has formed a new short term channel. It’s lower bound rises from around 4450 to 4500 this week. Additional multiple support lines are rising just below that. The lowest is heading for xxxxx (subscriber report) this week. That needs to break to consider the possibility of a downside reversal.

On the weekly chart, long term cycle momentum has broken out. This suggests that the market could go higher for longer, which means perhaps 4-6 months, or perhaps years. Cycle oscillators are also very strong. This isn’t set up for a top. Trend support is now at 4370. Resistance and a possible near term target is at xxxx (subscribers only).

Long term cycle projections point to xxxx to- xxxx with highs due between August and xxxxx.

On the monthly chart, the S&P 500 would need to end August below 4200 to signal a potential reversal of the uptrend. If the SPX clears long term trend resistance around 4500, the target would rise to xxxx.

The long term cycle momentum indicator remains bullish.

Cycle screening measures remain bullish.

The chart picks report will be posted on Monday morning.

Technical Trader subscribers click here to download the complete report.

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

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. 

Technical Trader subscribers click here to download the complete report.

A 10-12 month cycle high is now ideally due within xxxxxxxx (in subscriber report), with a final projection of 4440 and a 13 week cycle high is ideally due on xxxxx, this week.

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We’re there, but would I bet on it? No. Short term cycles are bullish, and both the 6 month and 13 week cycles seem to be trending. So I would like to see evidence that the trend is broken.

I don’t mind being a little late at the top. Betting on the short side has been a tough way to make money.

On the third rail chart the market continues rising within multiple channels. Short term channel support rises from 4400 to 4435 this week. Additional multiple support lines rising from around xxxx and xxxx should contain any pullback. Major trend support is around xxxx (subscriber report). Only if all of those are broken could is a significant reversal possible.

On the weekly chart long term cycle momentum broke out last week, ending a negative divergence. This suggests that the market could go higher for longer, which means perhaps xxxx months, or xxxxx. Cycle oscillators are also very strong. This isn’t set up for a top.

Trend support is now at xxxxx. Resistance and a possible near term target is at xxxx.

Long term cycle projections point to xxxx-xxxx with highs due between xxxx and xxxx.

On the monthly chart, the S&P 500 would need to end August below 4200 to signal a potential reversal of the uptrend. If the SPX clears long term trend resistance around 4500, the target would rise to xxxx.

The long term cycle momentum indicator remains bullish.

Cycle screening measures remain bullish.

The chart picks report will be posted on Monday morning.

Technical Trader subscribers click here to download the complete report.

Subscription Plans

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

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. 

Technical Trader subscribers click here to download the complete report.

Cycle time and price projections suggest that the market is getting close to a high. But it’s not there yet. The 13 week cycle high is ideally due around xxxxxx (in subscriber report), with a projection of xxxx (in subscriber report). The 6 month cycle still seems to be in trending mode with a new projection of xxxx. The 10-12 month cycle is ideally due to top out within x weeks, with a new projection of xxxx.

On the third rail chart the market continues rising within multiple channels. Short term channel support rises from 4370 to 4405 this week. Additional multiple support lines rising from around 4360 and 4330 should contain any pullback. Major trend support is around xxxx (in subscriber report). Only if all of those are broken could is a significant reversal possible.

On the weekly chart, a possible target of this move is now at xxxx. The market would now need to conclusively break xxxx to signal a reversal.

Long term cycle projections point to xxxx with highs due between xxxx and xxxx.

On the monthly chart, the S&P 500 would need to end August below xxxx to signal a potential reversal of the uptrend. If the SPX clears long term trend resistance around 4500, the target would rise to xxxx in August.

The long term cycle momentum indicator remains bullish.

Cycle screening measures remain bullish, despite Friday’s pullback.

The chart picks report will be posted on Monday morning.

Technical Trader subscribers click here to download the complete report.

Subscription Plans

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

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. 

Technical Trader subscribers click here to download the complete report.

All swing cycles are back in gear but only one of them has a projection. Meanwhile, we know that one major cycle is due to top out at any time between now and September. We’re on the alert for the signs from the indicators for that cycle (shown in subscriber report).

The market closed Friday at trend resistance on the third rail chart. That resistance starts the week at 4433 and rises to 4455. Clearing that line would indicate acceleration. Massive trend support lies between 4270 and 4335. That would need to be broken to signal reversal.

On the weekly chart, the SPX had a false breakdown from the uptrend line off the October 2020 low. The market would now need to conclusively break 4230 to signal a reversal on this chart. Trend resistance and a possible target of this move is now at xxxx (in subscriber report).

Long term cycle projections point to xxxx-xxxx (subscriber report) with highs due between xxxx and xxxx.

On the monthly chart, if the SPX clears long term trend resistance at 4410, the next target in July would be xxxx. In August, that would rise to xxxx (subscriber report).

The long term cycle momentum indicator remains bullish.

Cycle screening measures reversed their recent weakness. They have sent misleading signals in recent weeks. Price trends themselves must always be the finally arbiter of any trend analysis.

The chart picks report will be posted on Monday morning.

Technical Trader subscribers click here to download the complete report.

Subscription Plans

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

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.