SPX futures rose to a morning high at 7803.20 thus far. The final push higher may be about to begin. The Cycles Model suggests the SPX may peak during the week of October 12. While the average target may be the Cycle Top currently at 8044.00, the Fractal structure may be limited to 7950.00. The Cycles Model does not call for a rise in animal spirits this week, so the Fractal rules may dominate.
The NDX futures have risen this morning to 31034.30 and may complete its final Fractal as well. The Cycle Top resistance lies at 32315.83. However the Fractal structure may limit the rally to 31900.00.
Zerohedge reports, “US futures are higher as a trifecta of AI relief, easing geopolitical tensions and fading energy prices has lifted sentiment into the final trading day of the week:”
The premarket VIX declined to a morning low at 15.10, at the Triangle trendline. Protection is being dumped rather than bought. However, the current Master Cycle may have run out of time. On this occasion, it is possible that the potential “tail” may not be pinned to the Triangle formation.
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