Short Term Trading Member Forum

[techcharter]

Quick Cycle Observations

I'll have a more complete cycle analysis, including charts this weekend. My initial check of what's going on intermediate and long term is the 7.4 year is entering its strongest downside phase. The 3.3 year cycle is looking to bottom or invert in 4-5 months. The 100 day cycle has topped and is in the strongest downside phase.

The fact that all 3 dominant cycles are in their down phases while markets test all-time highs indicates the divergence is made up of shorter cycles with larger amplitudes. This raises the possibility of a VERY sharp reversal in the next 2-3 weeks.

There are some glaring non-confirmations in Western markets. While the SPX and INDU challenge all-time highs, the DAX and FTSE are still a good 10% away from challenging their all-time highs.

I'm at a loss for e-wave counts seeing so many zig-zags heading up, but not overlapping.