Short Term Trading Member Forum

[DowDeva]

And here's a Hurst hourly chart of the SPX equal to classic Hurst daily cycles: 3-4, 7, 2.5, etc.

The fld (pink) which was at 2465 when I posted a previous Hurst projection has now moved up and should price project through it (appr 2480 but moving up), there is now a projection to the next fld (black one around 2440 area.

http://stockcharts.com/h-sc/ui?s=$SPX&p=30&yr=0&mn=1&dy=0&id=p68288513592&a=521078215&listNum=17

I'm going to create an alterate chart this weekend using your suggested cycle lengths/Techcharters and see what flies.

Right now all we're seeing, despite cracks previously mentioned, is sector rotation. However, this is one of the signs of a cyclical top.

I do think we might see a short, sharp thrust up before this over, just like August-get the weak hands out. First week in October?