Loading ...SPX 7 Year Cycle
Is the 7 Year Cycle Low behind us on the SPX? Here is some more chart eye candy so that you can form your own opinion. I have a bias and I admit it but I am also open to being wrong. If price can move above and stay above my current 7 Year down trend down trend line out of the May 2015 top, I will buy into the Bull story that Martin Armstrong and other Guru’s are selling.
Me thinks that until that Red line is broken convincingly, however, we have the potential for a False Breakout and the Trend is still Down.
At best, the Jury is still out. 😉
Added: A related link and a close up of a Fractal that I’m watching on the SPX. Also added a second chart I found over on the Bull & Bear Forum posted by MrMiyagi.
https://goldtadise.com/?p=369220
Added: Potential Dow Fractal in play?
Looks like a great call Surf
Dow Futures down 1%
Fully, where can you see futures on a Saturday?
Its Saturday >
Where ?
LOL
Nice charts.
But yes, futures closed till 6pm EST Sunday.
oh boy… Gary Savage is gonna be hated after his “new highs” call. When you start making money back guarantees you are just setting yourself up.
I agree that stocks could resume their bull trend from here, but in my opinion, those gains will pale in comparison by far to the precious metals sector.