NASARAVI:
"The question is will the monthly turn down."
That is the 6 Billion Dollar question. We just have to watch the Monthly EMA 3/8. If we get a bear crossing. I would say hold and wait for confirmation. If we get confirmation then we go into Bear mode for 9 to 12 months.
I'm just expecting a one month SPX monthly Phase I cycle. Going to the low 1040 - 1000 then July go to SPX monthly Phase II for 4 to 15 months, nice ride back up to 1200 by end of year.
Some would say I have all my bases covered. The upside & downside. When a monthly cycle starts to develope, you want to pay alot of attention and be ready to change direction. Because a monthly cycle can have a BIG IMPACT.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."
