We have the type of decline going where I would normally expect a Yearly Cycle Low to be at the end of it. But we're only six or eight months removed from the last big Cycle Low, and that concerns me because there is room for another full Investor Cycle Low within this current Yearly Cycle. We could be looking at a massive bear trap after recently reaching new all-time highs. I'm not calling a major top, but this is not a good sign for the Cyclical bull market. Of course, new all-time highs negates all bearish signs.

Midweek Update Video - October 24th, 2018

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Midweek update video

The last missing piece of this puzzle was confirmation on the weekly time-frame. Each of my prior four reports were bullish in nature, but always fell short when we considered the action on the weekly chart. But that changed this week, we now have confirmation on the weekly time-frame with what was a rock solid breakout. Breaking through the 10-week moving average the 17 week downtrend line. The technical indicators have crossed firmly to the bullish side and we are only on week 8. I'm not calling for a bull market rally necessarily, but a sizable counter-trend rally is definitely expected.

Major market selloff started today as part of a larger degree ICL selloff. This move was overdue and not surprising, only the size of the move is unusual. Check out my midweek video update on the Equity and Gold markets.