Loading ...SPX Cycle Update
I have the SPX on day 38 and in the process of seeking out its next Trading Cycle Low.
Will we initially get a Fibonacci 38% retrace similar to last November? Time will tell 🙂
The larger issue is how the SPX bounces out of its next TC Low as I am expecting the next 5-6 month Intermediate Cycle low in the June/July timeframe.
next trading cycle high? instead of low?
Eagle, Not sure I understand the question? SPX Trading Cycle (some call them Daily Cycles) last 36-45 days low to low (average timing band) so I am expecting a TC Low over the next few days followed by a bounce. The longer 5-6 Month Intermediate Cycle is the larger issue in play here and I expect the next IC Low in the June/July timeframe. Will it be a higher or lower low than Jan/Feb is the key issue.