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StockMarketCycles
May 10, 2021 7:04 PM

S&P500 Dominant Cycle Topping Now Short

E-mini S&P 500 FuturesCME

Description

Cyclic Tuned RSI based on the current cycle length of ~170days in the S&P500 index show current topping process forming again
Comments
pulteqv61
What happened to the top ?

In real time, accuracy is not more than 30-40%.

The indicator looks promising in back test only.
NordicTrader93
Very interesting, how far down do you believe we will go this time?
StockMarketCycles
@NordicTrader93, the cycles analysis is not helping deriving price projections, just projecting important areas in time. As we are still in an intact uptrend, downside/short potential might be limited. But next upswing cycle might be a good place to position for the next upswing. Right now, cycles suggest a very risky market condition as dominant cycle moved now to the downside for the time to come.
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