SPDR S&P 500 (SPY)

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Mike Burk


he does a lot on cycle highs and breath stuff. Free news letter.


Conclusion
As of Friday’s close everything is in place to indicate a market cycle high. If this scenario is correct there could be another move to modestly higher highs before a decline into a cycle low begins. If the R2K makes a new high this interpretation is wrong.

I expect the major indices to be lower on Friday October 12 than they were on Friday October 5.

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Gordon Harms produces a Power Point for our local timing group meetings. You can get a copy of that at: http://www.stockmarket-ta.com/

Thank you,
Mike Burk
YTD W16/L14/T10