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Posted 14 July 2017 - 05:58 PM
The cycles depicted in red are half phase off, the lows were in early 2016.
I also see a low in early August, and the second half of July is seasonally not kind to investors.
This week is the option expirations and Jul 21-24 is the new moon, a potential turn till early August...
CBOE Equity P/E closed at 0.53 today, perhaps a sharp pull back and secondary high by expirations and then a little volatility.
Major cycle lows are due in October, if you correct the phase in red cycles in the chart...
Edited by arbman, 14 July 2017 - 05:59 PM.