From the last post http://timeandcycles.blogspot.com/2012/07/cycles-update-72-3-high-down-to-711-12.html: "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."
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.
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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