• 13 hours Saudis Eye Billions As Stocks Get Emerging Market Boost
  • 16 hours Airbnb In Acquisition Mode Ahead Of IPO
  • 19 hours Gold Hangs At $1,300 Ahead Of Fed Meeting
  • 21 hours Champagne Sales Slow As European Economic Worries Grow Louder
  • 2 days Putin Signs “Digital Iron Curtain” Into Law
  • 2 days Russian Metals Magnate Sues U.S. Over Sanctions
  • 2 days Tesla Looks To Jump Into Indian Market
  • 2 days Global Banks Lay Groundwork To Re-Inflate Asset Prices
  • 3 days Homeowners Experiment With Risky New Investment Trend
  • 3 days U.S. Tech Stocks Look Increasingly Vulnerable
  • 3 days De Beers To Expand World’s Most Profitable Diamond Mine
  • 3 days Ford CEO Gets Raise After Massive Layoff Round
  • 4 days Germany’s Flirtation With Recession Could Cripple The Global Economy
  • 4 days Where To Look As Gold Miners Inch Higher
  • 5 days Google Faces Billions In Fines From European Regulators
  • 5 days The Energy Industry Has A Millennial Problem
  • 6 days Russian Banks Scramble For Sanction Loopholes
  • 6 days Gold ETFs Take A Hit After Four-Month Run
  • 7 days European Union Takes Aim At Ten New Tax Havens
  • 7 days Goldman Defends Trillion-Dollar Corporate Buyback Spree
The Chatroom Cartel Running Global Bond Markets

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

  1. Home
  2. Markets
  3. Other

The Dominant Alternating Cycle

I first mentioned the 47 TD alternating cycle back on September 9 2016, when it was looking for an early September High. The 41-42 week cycle mentioned in that same post, also topped out at the same time and has an average 107 SP decline.

S&P500 Daily Chart
Larger Image

The dominant 47 TD (Trading Days) alternating High and Low cycle has been in the markets since late September 2015 and suggests a 11/08/16 Election Low, with a minimum 2093 SPX channel Target.

1. 09/29/15L - 12/02/15H, Low to High.

2. 12/02/15H - 02/11/16L, High to Low.

3. 02/11/16L - 04/20/16H, Low to High.

4. 04/20/16H - 06/27/16L, High to Low.

5. 06/27/16L – 09/07/16H, Low to High.

6. 09/07/16H – 11/08/16L, High to Low is next!

Also notice 34 TD, after the 47 TD Cycle High or Low is also a CIT (High or Low):

  1. 09/29/15L – 11/16/15L = 34 TD
  2. 12/02/15H – 01/20/16L = 32 TD
  3. 02/11/16H – 04/01/16H = 34 TD
  4. 04/20/16H – 06/08/16H = 34 TD
  5. 06/27/16L – 08/15/16H = 34 TD
  6. 09/01/16L – 11/19/16H = 33 TD

Dow Daily Chart
Larger Image

The Dow Jones down channel support touches the 61.8% retrace by 11/8. If we do the same 61.8% in the SPX we will target 2069 SPX at the 200 DMA.

Conclusion: The 34 TD CIT of the 47 TD Cycle arrived 1 day earlier at the 10/19H at 2148.44 SPX, which was a double Top with the 10/14 Apex CIT High at 2149.19 SPX.  From the 10/19H, the 47 TD Cycle suggests we see a choppy decline into 11/8 election Low, targeting 2093 SPX or 2069 SPX and a strong rally afterwards.

 

Back to homepage

Leave a comment

Leave a comment