Another Cycle Higher – S&P

 

Another Cycle Higher – S&P

What we know for certain is that the Daily Cycle is well into the timing band for a Daily Cycle Low (DCL), and has reached a new low on day 44.  To the naked eye, equities appear poised to move even lower.  But from a Cycles standpoint, the S&P is now in a position to move significantly higher.

 

The Investor Cycle outlook is largely the same.  The S&P rocketed to a new high from what looked to be the start of a bear market decline in June, and has since (past 4 weeks) been consolidating the gains via time.  The S&P now appears ready to move higher again.

Since a new all-time high was made in the current Investor Cycle, it’s really doubtful that the current Investor Cycle(IC) has rolled over, topping on week 8 and continuing a Left Translated IC on the way to its Cycle Low.  That scenario simply does not fit the profile of historic equity Cycle performance.  Instead, I expect equities to give us a big rally and a Right Translated IC in the coming months.

 

 

 

The Financial Tap – Premium

The Financial Tap publishes two member reports per week, a weekly premium report and a midweek market update report. The reports cover the movements and trading opportunities of the Gold, S&P, Oil, $USD, US Bond’s, and Natural Gas Cycles. Along with these reports, members enjoy access to two different portfolios and trade alerts. Both portfolios trade on varying time-frames (from days, weeks, to months), there is a portfolio to suit all member preferences.

NOTE:  The Financial Tap offers you a Full 14 day, no risk, money back Trial.  It’s just $99 thereafter for a full 3 months of membership, a fraction of what one stopped out trade is likely to cost you.  Consider joining The Financial Tap and receive two reports per week and the education you need to become a better trader or investor    See >> SIGN UP PAGE!

 
 
 
Bob.