There are SMALL, MEDIUM,and LARGE cycle.
When TIME gets near the middle (the top) of the cycle on the SMALL cycle, price has a tendancy of falling.
I would be interested in knowing other ways of applying the Cycle Indicator to the chart.
This is a ratio between S&P500 total return and French CAC40 total return. It surprised me, but each time it touched a bottom of the channel, a geopolitic event occurred somewhere and both Euro indexes and EUR/USD collapsed.
2010 : First Greek debt crisis
2011 : Second Greek debt crisis
2014 : End of QE3 and bad economics in Germany
2015 : China bubble bursts