Tag Archives: weekly cycle

S&P 500 Cash Index Cycle Location

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The S&P 500 Index survived the large range day correction on may 17, 2017.  It extended the first daily cycle to be 24 days.  Now it is 7 days into the second daily cycle.  This new weekly cycle started on April 13, 2017 is on pace to fulfill the upside target at 2478. 

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S&P 500 Cash Index Cycle Location

Mr. Market just had very boring eight days.  The trading range was about 18 points for eight days!  Today it broke the previous weekly cycle fractionally.  Nasdaq broke the previous high two weeks ago while Dow Jones hasn’t had a breakout.  Can we trust the S&P 500 breakout?

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S&P 500 Cash Index Cycle Location

pricentime

We are finished with the slow and painful sideways correction!  A new weekly cycle has started since April 17, 2017.  Where is this new cycle going to lead us to?  Before we forecast the new cycle, let’s examine what has happened.  The cycle does what it always does, it pays no attention to the noises.  The hidden cycle is always there for us to find the clues.

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AMD in Bottom Timing Band

AMD has been in selloff mode since the high at 12.42 made on 12/28/2016.  It has been 13 trading days since the top.  It traveled from 12.42 to 9.42, about 24% decrease.  Today’s drastic rally from 9.42 indicates strong support from this level.  9.42 is between 38-50% retracement of the weekly cycle.  It is in an ideal location for a band

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SP 500 Cycle Location Update

We were at the 10th bar in the 3rd daily cycle.  The last nine trading days have been range bound between 2254.25-2282.10.  The high @ 2282.10 established on 01/06/2017 has not been violated.  Violation of 2254.25 on the downside will indicate the selling pressure is picking up.  The selloff will last at least until Jan 26, 2017 to be around 2200 price level.

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