Thursday, July 19, 2012

Cycle Update: 7/12L, 7/19-20H

From the last post "So Far, so good, we topped out on 7/3 cycle High and are now down into 7/11-12 Time CIT and Master Cycles Low. We should see a rally into Option Expiration week."
The Banks had a triple  7/11 CIT, which was the 7/12 Low and has rallied ever since. The Banks has an 8/23 CIT.

 We made a 7/12 SPX Low and have rallied strongly into OE week as expected.

So what is next?
The next couple of weeks should be interesting to watch and will determine the direction of the next couple of months afterwards.

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