Replies to post #48433 on Short Term Trading Member Forum

[techcharter]

Near term bottom due.

I updated my model and the SPX trend projections.
The 80 and 120 day cycles in the model I'm looking at are due to bottom in 12 trading days. The market typically bottoms before then, It looks like another wave 4-5 combination needs to complete before a 2 week countertrend rally begins.

The second half of February and all of March should create gaps in the chart.

[rab120]

Apparently it is not over... There is a big temptation to go long, but a buy signal is not there yet.