Over the last weekend, it had real good news on trade war. The market gaped higher right into the 2815 resistance zone at open on Monday, but it was promptly sold off from open. It had a footprint of synchronized selling (machine selling) during last Monday (03/04/2019) morning session, that S&P 500 lost 40 points in the morning session.
We were watching the S&P 500 2478 target very closely. It made a high @ 2477.62 on the 10th day on 07/20/2017 in the 4th daily cycle. It was also in the 13th week in the weekly cycle, that is well within the top timing band in terms of the weekly cycle. It’s too soon to tell if this 2477.62 high
The cash S&P 500 index made a new high today. The weekly and daily cycles are running on schedule without any anomalies. We have an 18-day first daily cycle, and a 20-day second daily cycle. The second daily cycle took 12 days to finish the bottoming process. That 12 sideways down days included the last five trading days in 2016, which
