Bearish Signals

0

The intermediate equity cycle peaked last week, which was week 28. This week has delivered some bearish signals, signaling an intermediate cycle decline is imminent.

spx

Stocks have formed a weekly swing high. At week 28, the intermediate cycle is getting stretched and that makes this likely that this swing high will lead to an intermediate cycle decline.

Stocks also broke below the lower intermediate cycle trend line. An intermediate trend line break is another signal of an intermediate cycle decline.

A failed daily cycle is usually present during an intermediate cycle decline. Stocks will need to break below the previous daily cycle low of 2045.50 to form a failed daily cycle and fulfilling its cyclical duties.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s