McLaren's map calles for a 90 cal run up from the March lows to complete the bull market.
Within that he expected 45 days up, 15 sideways and 30 up or 45 days up, 22 sideways and 22 up.
SPI bottomed on Mar 5 and ran up 44 days, close enough.
The US bottomed on Mar 14, so is 9 days behind us. Tonight will be 44 days up, so time for a pause like us perhaps.
Last night SP500 gave a sequential sell signal. These are not common.
Sometimes you get a series before a top and sometimes the market just powers along ignoring them.
Sometimes you get just one and the next day begins a sharp fall.
The classic of just one was that the SP500 that had just one on Oct 5 '87, and next day began its fall into oblivion.
How long did that take?
You guessed it. 15 days, to Oct 20, the same amount of time for a pause suggested by Mclaren.
So while he doesn't expect that and neither do I, a 45 day run up is just as valid as 90 day runup IMO.
A time to be careful.
A break above our recent highs nullifies any worries for a little while of course.
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