Loading ...Stock Market (SPX) Cycle Update
I have the SPX is on day 4 of a new Trading Cycle after a very mild TC Low and my Blue Forks shows the bullish uptrend channels along with potential resistance if Bear Market forces are still in tact.
My second close up chart shows the move out of the double bottom has been very bullish here but is so steep that I do not see how it is sustainable longer term. It looks very much like a steep Bear Market rally and we should still expect the next Intermediate Cycle Low in the June/July timeframe.
Will it be a higher low or a lower low than Jan/Feb? Time will Tell 🙂
