Down cycle ..50% complete

Whilst his highness.. Lord Obama is speaking live, via clown channel...lets take a look at the sp'

SP' 60min cycle

Target...1405..maybe 1400...sometime tomorrow..or Thursday.

Its possible we might get a little bounce for a few hours late today/Wednesday..but that the full cycle will floor out by Thursday.

As it is, I'm looking to go re-LONG, around sp'1405 or lower.

Patience...its something I still struggle with..but so far today,,doing okay...doing nothing :)

Minor cycle...down underway

morning update

Well the Factory orders data is out of the way....next up ...ADP jobs data tomorrow morning.
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15min cycle floored - from a momentum view
60min cycle...could trundle down ALL day..and into early Wednesday.
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SP'60min

Only a move under 1400..preferably 1395 would be moderately bearish.

The BIG weekly and monthly cycles are still saying UP UP UP.

*also a special note, all those monthly world-index cycles I covered at the weekend, many are indeed going + cycle, and triggering buy signals for those algo-bots.

**world indexes are also floored on the daily cycles.
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The Bearish Outlook

Good morning

There is a fair bit of chatter out there at the moment, bears are obviously desperate for a down cycle..we might get one across the next few days (ala' holiday reversal), but it might only be 2%.taking us back to sp'1410/05.

The notion that we fall anything more than 3-4% seems...unlikely. We have the jobs data on Friday, so if we do sell off a tiny bit..and we're hovering around 1400/05 - with the 60min cycle floored, I'll be a buyer there.


SP monthly cycle - bearish outlook

Here is a really simple chart, clearly the current cycle remains UP. However, we're now at month number'7 into this cycle, and you can see the previous up cycles were roughly this kinda length -before a multi-month retracement.

1440 is indeed a VERY important line, I still believe if we can get a few closes over 1440, then 1550 - by July is a given.
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*As I type, AAPL is already +$5 pre-market, despite the main indexes being -0.25% generally.

Good wishes for Tuesday trading!