• 611 days Will The ECB Continue To Hike Rates?
  • 611 days Forbes: Aramco Remains Largest Company In The Middle East
  • 613 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,013 days Could Crypto Overtake Traditional Investment?
  • 1,018 days Americans Still Quitting Jobs At Record Pace
  • 1,019 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,023 days Is The Dollar Too Strong?
  • 1,023 days Big Tech Disappoints Investors on Earnings Calls
  • 1,024 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,025 days China Is Quietly Trying To Distance Itself From Russia
  • 1,026 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,030 days Crypto Investors Won Big In 2021
  • 1,030 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,031 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,033 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,034 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,037 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,038 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,038 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,040 days Are NFTs About To Take Over Gaming?
Trade In Counterfeit Goods Hits Half A Trillion Dollars

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

Are we Close to a Cycle Shift?

What index is 2.35% away from closing a very important gap that occurred in October of last year?

The answer: The SPY (ETF) with a gap that will be closed when the SPY reaches 109.68.

At the close yesterday, the SPY was at 107.16 which was 2.52 points, and 2.35% away from closing the gap.

As we approach the event, what phase is the SPY's short term cycle at? See the next chart.

This is our short term cycle chart going back to August 18th. There are 2 cycles that work together to confirm each other. The white vertical lines show the beginning of an up cycle and the red vertical lines show the beginning of a down cycle. When the 3 and 6 exponential moving averages (EMAs) merge, then it is time to be cautious or take profits as a cycle turn could be nearby.

So, where are we now? The EMA's were still okay yesterday, but the cycles where showing the possibility of wanting to turn down. Indeed, the cycles do show the best or safest part of the run has already occurred since September 8th. A little caution here would not be a bad thing.

 

Back to homepage

Leave a comment

Leave a comment