The New CS Board

[Oddlot]

$SPX The price at which a moving average(of length equal to half the length of a Cycle) changes slope from positive to negative occurs when the price has declined HALF of the total distance from high to low. Thus a projection can be made as to the next low.

A major cycle is 216days, and the 9day avg of the point at which the ma108 will change slope is 2820, coinciding with recent chart lows. A sustained break would suggest that a move towards 2600 is likely.

The 216day/43week cycle has an expected date of low near mid October. This decline from 2935 could last 8 weeks or so with some interim bounces.

Holding shorts with avg of 2904.4