The Hurst 9 month cycle is due near the end of June to early July.
On the short term a 2.5 week projection was met at todays highs and a short term
downside projection short of the recent lows is possible. Nothing earth shattering
at least for now.
On March 17th I mentioned that the combined shorts for ES & the S&P on
The Commitment of traders report had reached two year high levels. Sometimes
this indicator is timely while other times it is not. Then on March 24th the
report showed a good amount of short covering and we bounced. This past Friday
March 31st showed a significant increase in commercial shorts to a higher high.
Risk seems back. While I'm sure there will be plenty of swings I am tentatively
expecting a mid April low and then a rally. That's it for now.
Hurst and Commitment of Traders
Started by
Spectacular Bid
, Apr 05 2017 03:00 PM
1 reply to this topic