With price at or above all cyclic targets, I have suspended any "trend" requirements and am focussed on cyclic turns. The phasing has the Aug lows as the equiv of Hurst classic 18month cyclic lows, and we are in the second half of the 3yr+ cycle, meaning the peak could come at any time consistent with shorter term cycles.
The most visible shorter term cycles are the 18/36/72day set which forms 4 sets within the 18mointh halfcycle of the 3+yr cycle.
The indicator I find most useful is CCI which has parameters equal to 30% of the target wavelength. Signals/warnings occur when it exceeds value of +/- 100 and then returns below 100. Often a price reversal occurs when indicator hits value of 200.
CCI6 and CCI11 both gave sell signals in last two days, and trend lines drawn using last 5 or more days of hourly charts were broken Friday.
I dont know if this is THE top, but one only knows that in hindsight. However, this is A top and near targets for THE TOP. So, I am short via SDS.
I hope you find this info useful.
Oddlot
Stay on the right side of the cycle!
