S&P short term cycle swings

[SyndicateTwo]

Okay, according to Peter Elidias of StockMarketCycles.com, anytime between now and next Friday should mark this rally's high. June 1st (monday) from another source is calling for a cycle turn date of some degree +/- a day or so.


You have to take what Elidias says seriously because they present an indicator they follow called the 25.8% envelope and speed resistance lines that have proven to litterally stop all market advances. It's really incredible. SPX 910 or so is where it stands now and just look. So, we'll see. I noticed that seasonally, many stocks other than Biotech all start to fall beginning next month and into early Aug with an Aug bounce into Sep that then brings them all down big into Oct.

This Oct is a major cycle low area which could setup for a monster call option buy spree in late Oct.