• 13 hours Tech Billionaire Takes Aim At Google
  • 15 hours Chinese Police Bust Largest Ever Illicit Crypto Mining Operation
  • 18 hours Expect A Pullback Before Gold's Next Major Rally
  • 20 hours Why Interest On Gold Matters
  • 2 days Ten Extravagant Food Items For The Wealthy Only
  • 2 days Why Saudi Arabia Won't Give Up On The Aramco IPO
  • 3 days $32 Million Crypto Heist Halts Tokyo Exchange
  • 3 days Is A Gold Selloff Looming?
  • 4 days Central Banks Are Stashing Gold And Dumping Treasuries
  • 4 days Three Cannabis Trends Flying Under Investors’ Radars
  • 5 days $1.3 Billion In Cocaine Found On JPMorgan Vessel
  • 5 days Amazon Teams Up With Lady Gaga To Win Over Generation Z
  • 5 days Dollar Falls As Powell Teases Rate Cuts
  • 5 days Will The World's First Trillion Dollar Company Ever Bounce Back?
  • 6 days Many Americans Will Never Stop Working
  • 6 days Mozilla vs DarkMatter: The Cyber Espionage End Game
  • 6 days Chile Cracks Down On Environmental Infractions
  • 6 days Warning Signs Emerge For Boeing
  • 7 days First Amendment Stands Strong In Trump vs. Twitter Showdown
  • 7 days Musk Bullish On Tesla Despite Executive Exodus
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…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  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