We had an intermediate-term cycle due in late February/early March (plus or minus a week) and the low came in on March 6/9. The next important cycle was due in late April/early May (plus or minus a week) and it looks like it might have come in on May 6/8. The cycle following that one is a short term cycle in mid/late May (expected to be a low) and then an intermediate cycle due in early/mid July(expected to be a high). There is an outside possibility that the market continues up into the mid/late May cycle and then sells off into the July cycle.
Basically, I am hoping we sell off for another week, then another decent rally. The alternative is a tiny rise from here (unlikely I think) with big sell off to follow.
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- good luck next week
We had an intermediate-term cycle due in late February/early...
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