q4, Arbs,
I drew this up for a friend today. SC subs should be able to see it easily. I will share it with the board. There are a couple of times in recent history that after a sustained uptrend, the mco oscillated at the zero line creating a ledge on the summation NYSI. We then fell off that ledge.
https://stockcharts.com/h-sc/ui?s=$NYM...3&listNum=9
I think the chart speaks for itself, but I will add that if the April 2010 scenario holds, watch out if both the SPX 21e and the NYAD 19e breaks together. There is the potential for a fast and swift drop. An alternate scenario is the tsunami dip in March 2011.
doc
Doesn't Hurst cycles call for a 40 week low in three to six weeks?