Midweek Cycles Update – May 4th
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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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Crude’s advance in the face of poor market dynamics leaves it with an Investor Cycle in a precarious position. As outlined earlier, a bear market Investor Cycle making a new high in week 13 is certainly in the topping zone, so Crude could turn over at any time. The previous IC top was near $50, so, in theory, we could still see another surge higher in the coming week or two. In any event, I fully expect Crude to turn down and to begin to sell-off with relentless ferocity.
This content is for members only
This content is for members only
This content is for members only
This content is for members only
This content is for members only
This content is for members only