Weekend Charts

I like the odds that Friday marked the bottom of the daily cycle and half intermediate cycle decline. The next daily cycle should be right translated as well and rally at least into the second week of June before the market starts to get nervous about the Brexit and we get another corrective move.

At this point there is virtually no doubt that the 7 year cycle correction is finished and the next phase of this QE driven bull market is beginning.

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Louis Jackson 8 years ago Member's comment

Until recently I thought the idea of ATH's was complete lunacy. You make a compelling case in these charts, though. The more I have observed this market's reaction to abysmal economic data, global growth slowing, etc., the more I can see the argument for ATH's panning out. I'm not good with Eliot Waves, but there is certainly a path there for a strong rally in the very near future. R.I.P. Fundamentals.:(