This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
My ST cycles guess: May 26 SP 1632.42 low was the end of a right-translated 100-pt ST cycle that marked the top. The following ST cycle failed almost immediately and we have likely put in the mid-cycle low at 1560.33 (two hump camel model). If ture, we are bouncing out of the half-cycle low and should establish the bottom of the ST cycle in 2 to 4 weeks. EW wise, my WAG is we are in ii of 3 down of the higher degree W1 down off the top. WEC
My ST cycles guess: May 26 SP 1632.42 low was the end of a right-translated 100-pt ST cycle that marked the top. The following ST cycle failed almost immediately and we have likely put in the mid-cycle low at 1560.33 (two hump camel model). If ture, we are bouncing out of the half-cycle low and should establish the bottom of the ST cycle in 2 to 4 weeks. EW wise, my WAG is we are in ii of 3 down of the higher degree W1 down off the top. WEC
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