Expectations for SPX short-term
Monday is day50 from beginning of this, the second of three 72day cycles. The 36day low occurred on time (-2 days) and the next 18day low is scheduled for day 54 (-2?), or Friday.
The superposition of the 36 and 18 day cycles upon the 72day gave a possible high very near the actual high, and the next "possible" date is approx day 65. This should be 18days from the prior high.
Then we go down to the 72day low, at which all of the lows are nested.
I suspect that the pattern from from the low later this week will appear as a consolidation pattern of some type, from which we break down. Leg counts, etc, will come into play at that time. I think there is a reasonable chance of a 2790 target, which if it were realized, would confirm the high on the 43week (and of necessity the 3.3yr) and confirm that the next major event would be the 3.3yr low in mid 2019.
Oddlot
Stay on the right side of the cycle!
