zondag 2 juli 2017

SP 500 Update

# June 19 was the all-time high for a number of markets and started to slide. The Primary cycle, if close to it’s normal 18 weeks will trough out in late July or early August.
# Note, price is now below the 15 (red) sma and price just touched the 45 day (blue) sma. It looks like at least a short term turn is forming...


# The following chart shows the 40 week cycle on the Dow Jones chart. At it’s current rate it will also hit it’s trough close to the trough for the Primary cycle in late July or early August...


# Another cycle that is coming up is the 50 week cycle. These are shown as the pink vertical lines. The next one is by date is July 24th but I would say July or August. As I would expect a 5-10% decline this time may be unusual in that the markets have been distorted by Central Bank money...


# Following is a chart of the SP500 and the Heliocentric Bradley indicator. Watch for turns in price as the Bradley makes turns. It has no direction. It just tries to identify changes in trend...

# June 29th was a big range day. The next hit is July 14th then July 28th...