Midweek Market Cycles – Sep 21st
This content is for members only
Bob Loukas is the founder of The Financial Tap. With over 20 years of experience in market analysis and trading, Bob is a life-long student of economics and has an abiding passion for the financial markets.
He is a leading expert in Market Cycles. His love of Cycles emerged from the study of the work of Walter Bressert, a pioneer in the field.
Originally from Sydney, Australia, Bob has been settled in New York City for the past 16 years. His background is in Computer Sciences, with extensive experience in the Financial Software arena. Prior to launching The Financial Tap, Bob served as a senior executive at various Fortune 50 firms where he led development of financial trading and reporting software.
This content is for members only
This content is for members only
This content is for members only
Extended periods of a lifeless, low volume trading range usually give way to volatility and significant moves in price. Going forward, at least over the short term, I expect we will see a series of 1% (plus or minus) moves in the daily indices. Although Friday’s break has significant bearish technical implications, it is too early to assume that the next extended move will be lower. What we can assume, and with a high degree of confidence, is that the next major market move has started.
This content is for members only
This content is for members only
This content is for members only
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.
This content is for members only
This content is for members only