zondag 23 juli 2017

SP500 Index Update

# It should be mentioned there is a remote possibility we put in an early Primary cycle trough on July 6th. Price went below the 15 and 45 day sma’s. This was not very deep and early being in the 15th week. This possibility should be watched closely although I think it is too early.
# Price has moved above both the 15 and 45 sma which is what to expect when the SP500 moves higher. This needs to be watched next week.
# The following chart shows the 40 week cycle on the Dow Jones chart. At it’s current rate it will be in it’s trough area close to the trough for the Primary cycle which is the 1st week in August. The vertical blue lines are the 40 week cycle...


# Another cycle that is coming up is the 50 week cycle. These are shown as the pink vertical lines. The next one is July 24th but I would say July or August. As I would expect a substantial decline, this time may be unusual in that the markets have been distorted by Central Bank money...


# I had shown the 7 years chart some time ago. Following is that chart. The vertical lines are the 84 months (7 year). The short red lines are the potential orb of influence. You can see the current 7 year is very overdue...


# Following is a chart of the SP500 and the Heliocentric Bradley indicator. The blue horizontal line. Watch for turns in price as the Bradley makes turns. It has no direction. It just tries to identify changes in trend and we may see a turn on Monday or Tuesday...