Sunday, March 29, 2015

$SPX - Cycle Update

The expanding formation (red lines) is well defined now, and has formed as predicted by the Cycle.  Possibly the pink arrow is in place. 

This is a particularly choppy spot in the Cycle. 

A dip to test near the red support can be expected, but strong bounces are also likely to occur as the market continues to bounce up and down within the red resistance and support lines.  This choppiness is anticipated to persist during the months of April and May according to the Cycle. 

2hour Chart


SPX Cycle: