By Poly

This is an excerpt from this week’s premium update from the The Financial Tap, which is dedicated to helping people learn to grow into successful investors by providing cycle research on multiple markets delivered twice weekly. Now offering monthly & quarterly subscriptions with 30 day refund. Promo code ZEN saves 10%.

The S&P has been invincible of late, but I believe its days are now numbered. Of course, I’m talking strictly about this current Daily Cycle only, as we all know too well that the longer term trend is in a runaway or parabolic like state. In fact, I’m confident that the S&P has already topped for this Daily Cycle, in theory having spent the past 2 weeks consolidating via a sideways and narrow trading range.

Already onto Day 34 of the Cycle, just 6 sessions away from a standard DCL, the S&P has managed to hover around the all-time high levels, while the asset moves closer towards oversold levels. It is interesting how it can do that, time and time again, to remain near record highs while the technical indicators clearly show the S&P moving towards a Cycle Low. Because this is yet another strong Right Translated Daily Cycle, we have to somewhat ignore the stretched (in terms of length) nature of the Investor & Yearly Cycles and go on to say that I expect yet another all-time high (above 2,000) in the next Daily Cycle.

But before the S&P sees 2,000, we should expect a move lower first, a fast drop over the next 4-7 sessions to mark the next DCL. But yet again, the bears will be drawn in by the allure of a potential major top, only to be fleeced as the DCL becomes yet another “buy the dip” event. Of course, it can’t and will not last indefinitely, contrary to what many now want to believe. The next buy the dip event could well be the last for some time, as the next DC leads the S&P over 2,000 and towards a final spike for this great Yearly Cycle.

7-30 Equities Daily

 

Related Posts:

Few Believe Gold Can Shine

Disregard Fundamentals In The Short Term

Cycle Counts For US Dollar

 


Leave a Reply

You must be logged in to post a comment.