Loading ...SPX Trading Cycle
SPX has broken my Green Trading Cycle trend line this morning, likely signaling that its shorter term TC has topped. WTIC has also broken it’s up trend line as well.
My expectations are that we will see the next 5-6 month Intermediate Cycle low in stocks sometime in the late June to Mid-July timeframe.
5-6 week or 5-6 month?
Intermediate Cycles for Stocks (I use SPX as a Proxy) have returned to their traditional 5-6 month duration IC Low to IC Low (Aug 2015 to Jan 2106 was 5 months).
Watch 2085 SPX
http://www.safehaven.com/article/41669/friday-update
Surf City, thought you would find this interesting…
Thank you for the updates. Please let us know when u think we have the IC low.
Yesterday, I added to my short positions with: SPXU, BIS and QID plus some early July calls on UVXY.
Also some SPY 202 Puts in early July from yesterday. Everything is green so far except my SCO Oil short which I jumped on a bit early but even this is starting to get som traction over the past two days. 😉
Naz is just holding on….looks like a backtest possibly of breakout.