The weekly SPX closed on its Highs last week. It has double Channel Resistance at 985 SPX. An Inverse H&S Bottom was triggered with the move above 960 SPX and suggests much higher prices. The regular 35 week cycle was due in the past week. We should be close to a short term High.
We saw a 3/6/09 Major Low, which was also a 18 Month Cycle Major Low.
After a correction, we should see yet another leg up.
There is a regular 8/32 week cycle due in the 8/14 week.
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From the last Master Cycle (MC) Update: "From the 6/25 Low (actual 6/23 Low), it was looking for a rally into 7/2 High (actual 7/1 High) and we should now see a decline into 7/9 short term Low."The 7/9 Low was a perfect 7/8 Low. The Master Cycle (MC) suggests we should have a strong rally from the 7/8 Lows into 7/17-20 High.
This will be the last Update on the MC for awhile, but anyone can see how accurate the MC has been in the last couple of weeks.Please note: This blog is best viewed using FireFox, the archives and much more (on the leftside) are not showing in other browsers.
Site: http://www.timeandcycles.com
Email: timeandcycles@gmail.com
I just found this 8/11/08 SP Cycle
The 6/29-30 Apex and 121 TD Cycle was a 7/1 Major High.
I updated the Master Cycle in the Live Chat Room (http://timeandcycles.com) , but here it is again fwiw:
From the 6/25 Low (actual 6/23 Low), it was looking for a rally into 7/2 High (actual 7/1 High) and we should now see a decline into 7/9 short term Low.
Please note: This blog is best viewed using FireFox, the archives and much more (on the leftside) are not showing in other browsers.
Site: http://www.timeandcycles.com
Email: timeandcycles@gmail.com
