zondag 9 juli 2017

SP500 Index Weekend Update

# As we move closer to a nesting bottom it appears that the nesting may occur by mid July / early August...


# 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.
# 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. Watch Monday for a continued move down into July 13th, which is at the blue line reversing. The next hit is July 14th then July 28th...