SP500 Only

The narrower your time cycle focus, the more variability you're probably going to get.

 

Here are daily cycles. The week of September 15 should see some down movement. I believe the current big range for the last several weeks is just waiting for the cycles to turn down. I won't be trading SP500 till then.

 

Looking for a down move in stock indexes today as shown in my attachment. The SP500 will likely close lower on the day. I am short FTSE100.

 

Here is a chart of FTSE data (not SP500)

 

I shorted Nasdaq also. Bounce off fib.

 

Weren't your bigger cycles still up through next week?

 

Yes. This is one of those days I tried to pick a top and it turned into a loser. I did scalp long and something back from that.

 

The FTSE short position is still open and in the money.

 

What will SP do when/if it touches 88.6%

 

I am definitely through with intra day charts. Only daily charts from now on.