SPDR S&P 500 (SPY)

[rich ruscio]

Several things, actually:

1) your drawing about cycling is on target. the middle graph shows you the cycle your post was about.

2) there is some conflict in this cycle between the oscillator (in the middle) and the CCI. The oscillator is pointing down because the price is in this bowling alley gutter, heading down. The CCI is pointing up because of the last few odd bars.

3) You can count down / up bars to get a guess at the cycle length. My "1 number" guess is 10. We've got 8 red dots (down cycle).

4) CCI can get squashed, and go sideways. I'd expect that for the next few days (bars).

After that, this sucker goes up, and equities go down. For more or less 10 bars ...

Lather, rinse, repeat ...

Foot's got nothing on me for calling tops. I've got lower highs I can call tops !! LOL

YMMV. ICBW ...

Have a great weekend.