NASARAVI - Yes it looks like an EMA 3/8 crossing may be made but confirmation maybe another thing.
I was just playing around with the monthly cycle high/low numbers since 1990. I made an interesting discovery.
from Feb 1990 to the present there have been 9 monthly cycles to include the present one.
The Diff between the low of previous cycle and high of next cycle was at the minimum 160 pts and the maximum of 1110 pts. Except for one time. The previous cycle low was 1224.54 the current cycle high is 1219.8 a diff of -4.74 Why would this cycle be way off from all the rest? Unless this cycle is not quit ending yet. To get within the norm the current cycle high would need to get to atleast 1385.29
So could that mean we hit the monthly cycle low 1000 - 1040 then head to 1385? To avoid a monthly 3/8 EMA confirmation the SPX could go down to the lower trend line next week and bounce avoiding a 3/8 confirmation then in June go down and extablish the low of the year, then return to the cycle Phase II upper trend line(1134) before the end of June. That senario would negate both the EMA 3/8 crossing and a new monthly cycle.
This scenario is making alot of sense to me. That -4.74 just don't seem right.
Here is the data that I have in case anyone wants to verify:
2/90to8/90 cycle low 322.10 high 369.78////482.85-322.10=160.75
9/90to3/94 cycle low 294.51 high 482.85////477.59-294.51=183.08
4/94to11/94 cycle low 435.86 high 477.59///1190.58-435.86=754.72
12/94to8/98 cycle low 442.88 high 1190.58//1553.11-442.88=1110.23
9/98to9/00 cycle low 939.98 high 1553.11///1163.23-939.98=223.25
10/00to7/04 cycle low 768.67 high 1163.23//1326.70-768.67=558.03
8/04to6/06 cycle low 1060.72 high 1326.70//1576.09-1060.72=515.37
7/06to12/07 cycle low 1224.54 high 1576.09/1219.80-1224.54=-4.74
1/08toPresent cycle low 666.79 high 1219.80
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."
