Hi n, the Bradley is a cycle predictor of sorts, it is based on planetary movements. There was a time when the Bradley was a fairly accurate predictor of market reversals, but as the times have changed so has the accuracy. Whatever the reason may be (liquidity pump, higher awareness of the indicator, etc.) I have found that it is still good for predicting up/down moves, but not necessarily actual cycle reversals.
I still find it worth being aware of in case one of the supposed turn dates has staying power. This is not a short term indicator because a +/-4 to 7 day window exists with which it operates. With that said, the last Bradley turn was Apr 11th and we had been moving down since last Friday (the 7th) with the 11th appearing to be the climax of the down move we are currently attempting to dig our way out from.
As for the chart I had posted, I find the chart to be bullish in nature. As much as this crazy climte has me on the defensive, an extended move to NDX 2075 is not out of the question. On a purely technical basis if 1750 is taken with authority, then we could potentially revisit the 2000 area...
While I find it highly unlikely when taking into account all of the potential risks currently at play, I am unable to rule out the possibility of such a run from materializing over the coming months...
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