This is for the 60-64wk cycle... [ref: 1]
The signal looks a bit distorted due to the crash last year, I expect a similar correction this time around too... We have seen how fast this market is still capable of selling during Thanksgiving.
(weekly)
A rough comp to get an idea, not to mean much beyond April...
Best of luck.
Arbs I like that 2nd chart.
Thinking sometime between today and Monday no higher than 1134 es. Then let it rain. I also think 960-1000 should contain it for a serious bounce.
Today's thoughts... creepy crawly chop up bias all day or most of it... but anything above 1116 to 1134 is playing with fire and some where in that zone is the "Short with prejudice" starts for a big turn. fwiw
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