You may be absolutely right...however several factors concern me. The cyclic structure goes to a (years) 1,2 4,8 type of pattern. The direction of the 8yr MA is down, which is concerning and suggests shorts at extreme OB levels.
The half cycle (4yr) changed direction when prices were approx 1300 vs low of 1050, for LT upside of approx 1550. With recent highs near 1450, there is still room above but CCI125 for the 8yr cycle is very overbought near +250. The sell signal is normally a crossing of +100, but some traders ratchet the sell point higher as it crosses above the next 100pts higher. In that case, the indicator near 250 would suggest a crossing of +200 could be used as a sell.
Good luck.
Oddlot
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