Charts SYSTEMS

[gdl]

Yes I see your point. If you are ONLY talking about a high of 1900 on SPX I would agree. It is highly unlikely since this week has only shown consolidation near the 1804 mark. That tells me the next move up should probably be the last until we correct. My notion of a correction after 1818 is to perhaps 1775 - 1770 level.

I also stated that this current bull move does not look over. Whether the improbable 1900 on SPX happens before the year is out or after is a moot point for me. I do not need to time the move, only the direction. I still expect a correction to happen BEFORE the mid point of December followed by one more rally to 1900.

My moves look like this: 1818-20 followed by a short correction to 1770, followed by one more move up to 1900. I do not see any meaningful bear turn till 1900 is reached at a minimum.

The fact that it is historically big regarding time and price movement, I agree. The other two 5 year cycle runs also had a nice steep ending. The end game should happen within 2 to 4 months, just based on sentiment, VIX, earnings, employment, not to mention seasonality.