Loading ...SPX Stock Cycle update
The SPX has now made a lower Low than the past two Yearly Cycle Lows from Aug 2015 and Oct 2014. The next major low is from Feb 2014 at 1750.
This confirms a Bear has started for me. Actually It was confirmed with my second chart that show my YCL uptrend out of the 2009 Bear Market Low from some time back but this cinches it (also last chart show the YCL pattern from the 2002 low into the 2008 top).
Not quite sure were we bounce here but we should expect one of the Dead Cat variety perhaps.
On the other hand, the move from the 2000 top into the 2002 low took 33 months while the move into the Bear Market low in 2009 from the 2008 top took just 17 months (approximately a 51% Fib factor).
