Potential Short-Term Signal: Stock Market Cycle Analysis - Wednesday, April 1

The decline today has caused both short-term cycle oscillators to experience bearish crossovers, and a bearish engulf pattern has formed on the daily chart. A close below 2,501 on the S&P 500 index today would generate a cycle high signal and indicate that the alpha high (AH) of the current short-term cycle likely formed on March 30.

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The magnitude and duration of the last beta phase decline reconfirm the current bearish trend and favor additional short-term weakness.

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