thursday spi

The first chart shows that a minor low was due last Tuesday based on an Armstrong subset. It seems to have worked causing a week of consolidation/correction.

It probably means new highs although some rallies have been brief and as a larger cycle change is due about 28th June, it isn't a given.

The second chart shows the more important Armstrong subset chart with alternating highs and lows which have been incredibly precise starting at the 2002 high, as you can see. Only the last occurence, a high, was not spot on. This is the cycle that calls for June 28th low.