Midweek Cycles Update – Aug 31st
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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.
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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.
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And this is where we find Bonds today. The Commitment of Traders report shows a massive Long speculative position, while overall Dollar sentiment remains sky-high. Weekly Cycle timing is well into its topping range, and the 4th Daily Cycle (shown below) is beginning to struggle. I would never count Bonds out, at least until we see a failed Daily Cycle, but I am starting to believe that a new down leg in Bonds is almost upon us.
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This content is for members only
This content is for members only