Short Term Trading Member Forum

[arjunah]

Ravinasa, although Nov. 21 remains a candidate for a 9M low for the SPX, the weak performance of the XLF over the last three weeks is bearish, and not indicative that the indexes are coming out of a 9M low. The Nominal 5W cycle should be bottoming this week or next. Although it will likely have a higher low, it will also be left translated, so those are mixed signals. Bottom line is that I am not convinced the 9M low is in.