jd5584

Dominant Cycle in S&P 500 (SPY) with Future Projection

AMEX:SPY   SPDR S&P 500
312 0 12
Major ICL's roughly every 95 bars (TD's) since 2015. Significant Cycle Lows (ICL's) Sep 28, 2015, Feb 11, 2016, Jun 27, 2016 (notice the symmetry). Next ICL projected for Nov 8, 2016. The current structure since the ICH in early Sept has been very corrective (lots of overlapping bars, "rolling chop" and lackluster sideways action). The previous ICL in June (Brexit) was "binary". A long sideways to higher chop until a 2 day "mini crash" into an ICL. The rally to all time highs confirmed the structure. (i.e. notice the strength of the market in the first 5-10 TD's out of an ICL). The projection for this upcoming ICL and rally to ICH (mid Jan 2017) is simply extrapolated via a simple trading channel. Roughly 230-232 SPY             (2300 SPX             ).
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out