We’re seeing conflicting calls from the Hybrid Lindsay model and cycles. As cycles can invert we will stick with the Hybrid forecast for a top on/near June 9.A 23-day cycle high is also due on June 9 (chart).
The VIX fell 0.06 points last week closing at 9.75. A cycle low is due June 9 which is a good match for the Hybrid Lindsay forecast for a high in equities then.
Last week saw the second “Hindenburg Omen” in the past month (valid until September). It forecasts a market crash sometime in the next three months. The “omen” is a good forecasting tool but (like all forecasts) is not perfect. In addition, the Titanic Syndrome was triggered on May 18.
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