Replies to post #19097 on Market Direction and Stock Trends

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Update HURST Cycles - SP 40 Week Trough Incoming?

* November 10, 2016

The $SPX should have made a 40 week cycle low this week with the US election events. Watching the massive volume on this leg up (largest volume bar since August 2015) and the fourth day from last week’s lows, the $NYSI has yet to turn decisively upward. Price has risen to the breakdown point today and could be some resistance.

If this market is bullish, the $SPX should easily clear this level and start a new leg up. Larger cycles should have bottomed in February this year. If the $SPX fails to rise in a manner that we would expect after a 40 week cycle low, that would be a clear and present warning.



http://forum.hurstcycles.com/t/sp-40-week-trough-incoming/95/35

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