Am annoyed I have only just spotted this,especially as I was aware of the 10 year cycle on the Nasdaq.This makes earlier speculation of a possible 7 week "death zone" rally even more intriguing (ie we could be exhausting into a longer term cycle) This is only speculation,the trend is up, but any reversal on the weekly chart would have greater significance and could be acted on with a stop above the high. We have negative divergence on the RSI,a possible 5th wave,signs of life in the Vix and breadth indicators starting to roll over (eg MacClellan oscillator)
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