The 9 month cycle is due sometime between Late June and Late July. Obviously so far we've had very little in the way of a correction and are near new highs. In March I mentioned we were vulnerable to a 3% to 6% correction in to late April. We barely got around 3%. Now as we approach the next 9 month cycle low, where do we stand Hurst wise. In the short term it is possible we get higher 2.5 week and 5 week projections if we can close above the 2395 area this week. We could get projections to the 2430 area + or - depending on which day we get the higher projection if we in fact do. Does a higher projection to that area take a correction off the table? No it doesn't but it would certainly be a very right translated top and would be a positive development going forward after any correction we would get in June, assuming we get that correction. On the Commitment of Traders front. In March I mentioned that shorting for the commercials was higher than it had been in a couple of years. That is no longer the case, so from that indicator it is not flashing red.
Interesting Hurst setup
Started by
Spectacular Bid
, May 22 2017 02:13 PM
3 replies to this topic
#2
q4wer
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Posted 22 May 2017 - 02:29 PM
Thank you so much for your Hurst Cycle update!!! Your last call was great, accurate to the day!!!
#3
SilentOne
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Posted 22 May 2017 - 08:24 PM
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#4
Spectacular Bid
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Posted 23 May 2017 - 08:22 AM
Thanks q4wer and thanks John, i'll make a point of it.
