4 replies to this topic

[airedale88]

today is 41 days from the previous nominal 10 wk cycle low. a bottom is due for this cycle next week. scaled back into some june er's, avg price 832.60, after being stopped out yesterday. will short more if new contract highs are made.

[Cirrus]

Perhaps a retest off the 1460-14790 BO level for the SPX for the 10 week low? The bounce could be a shorting opportunity into the July low your cycles forecast--if it unfolds that way. I am becoming less impressed by the action. The internals are getting a little iffy. It is still a bull market though.

[airedale88]

based upon projected cascade breaks of the 2.5 wk and 5 wk flds, 1460/70 looks possible for the 10 wk low. when the breaks occur will note it.

[GOOSE2]

today is 41 days from the previous nominal 10 wk cycle low. a bottom is due for this cycle next week. scaled back into some june er's, avg price 832.60, after being stopped out yesterday. will short more if new contract highs are made.

If we are 41 days into the 10wk cycle.........is the 5wk nest of lows not due now +/- ?

[airedale88]

yes goose, they bottom together. all cycles smaller than 10 wks bottom as the 10 wk does.