PB
Yes and of course that means we had a lower top 30 days after the first on SPX and now we are 30 days again. All nice Gann.
Well this week has been up and strong as the cycles suggested on the charts just like the past few times and weekly was oversold.
Despite that valiant attempt, it seems monthly has confirmed a bear so up side is limited. It may be over now or even last a couple of months depending on markets.
Some markets may well see slight new highs forming flat bottomed expanding triangles.
Quarterly dynamics here say no new highs.
SPI has 4 days up (including today based on SYCOM) each leaving unfilled gaps. Its a sell today IMO.
It will be interesting to see sentiment figures after this week, as I sense there's barely a bear left after just a few good days.
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