zondag 30 juli 2017

SP500 Index Update

# 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...


# 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...


# Three consecutive sell signals from our 5-day MA of the CBOE equity put/call ratio (below 60) finally gave us a sell off around noon Thursday EST. Is this the big correction expected by so many? The SPX gave us a 3-wave bounce into Friday (B-Wave?) so we're expecting a C-Wave down on Monday / Tuesday, a gap fill at SPX 2430-2440 and QQQ 139-140....