S&P short term cycle swings

[SyndicateTwo]

Okay, interesting setup here -- the downside targets on the SPX if you do a fibo projection is basically in the range of 650 to 680. But watch DOW 7200. That's 1997 support. The market is falling now on nothing other than technicals. It's a game now of chicken between the big money guys and the shorts. Who's gonna blink first? When you get into a 5th wave move, you know the smart guys are ready to pounce on the turn. The second you see someone step up and put in a large bid, everyone should pile in afraid to miss it.


This time though the move up will be fierce and fast. And, it wil last longer than many expect. You'll basically have a 3 wave move up in this 'B' wave.

Then the big decline comes later this year to DOW 6k. (or lower)




BRCM looks to be breaking that wedge which is also a 4th. So, you might see below $13 on it. But I doubt it with the overall market already in 5ths. Stocks like BRCM trade with the market, not against it.