S&P short term cycle swings

[SyndicateTwo]

Hey BBQ, good to see you back. You remember my girl's birthday? Can you imagine they're 3! You guys were here (MRVL board) when they were born! Yikes! Next I'll be buying them cars! We got them a 15' trampoline. (it's more of a present for us to keep them busy - hehe)

They're party is tomorrow. We are going to have 22 little 3 and 4 year olds running around. Can't wait - (geez)

Anyway, look at that RUSSELL chart above. That's a weekly chart and that weekly candle is the mother of reversals. It's a weekly outside day key reversal. The most reliable of candlestick (engulf inside a key reversal) reversals. Most look for hammers. But that's the best. And it's on a weekly. That means the market is set for a B wave to SPX 1000 to 1100. I think the Russel could run to 650. But I'd look for 500 which would be a TNA price around $25+.

I think most funds are going to gun for the Russell stocks because the % return is so much higher. Many are going out of biz this year if they don't get that lost money back. This is how they are going to do it. High beta stocks.