• 703 days Will The ECB Continue To Hike Rates?
  • 703 days Forbes: Aramco Remains Largest Company In The Middle East
  • 705 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,105 days Could Crypto Overtake Traditional Investment?
  • 1,110 days Americans Still Quitting Jobs At Record Pace
  • 1,112 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,115 days Is The Dollar Too Strong?
  • 1,115 days Big Tech Disappoints Investors on Earnings Calls
  • 1,116 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,118 days China Is Quietly Trying To Distance Itself From Russia
  • 1,118 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,122 days Crypto Investors Won Big In 2021
  • 1,122 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,123 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,125 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,126 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,129 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,130 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,130 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,132 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

Contact Author

  1. Home
  2. Markets
  3. Other

SP500 Cycle Update

What leads, technicals or fundamentals? Does a price chart discount all fundamentals? These debates rage on, but I can say with the utmost accuracy that cycles are great for predicting in the next explosion of activity. A rally or a sell off, no matter cycles have an uncanny knack of being on the money when either is in the infant stages.

The latest cycle for the SP500 chart is below. The trend has been up and I have numbered the cycle tops from 1 to 5 in heavy red. One was the news of Greek debt issues, or more precisely QE1 ending, four was the Japanese Tsunami, two and three were not material. What will 5 be? I am not sure yet, but mostly likely the pricing in of QE2 ending masked in another euro debt story just to fool the mums and pops.

We are never keen to trade cycle peaks that are against the trend, but this time I feel its different. Should five be more like one, as both are consulted by the ending of a QE episode. I am not saying a flash crash is to be upon us (but never say never), but we are due for a doosie. I would not take a position base on the Hurst cycle roll over alone, I would need to see confirmation by some selling by the big boys first (via our tool RTT TrendPower). Watching and waiting.

SPY Cycle

Larger Image

SPY Gann Angle

LargerImage

 

Back to homepage

Leave a comment

Leave a comment