11-17 mid week cycle update

Based on market action the past 5 days I believe it is probable the 40.68 month cycle topped mid-week last week.  I was off by 5-6 days (so shoot me!!!).  We have had a very noticable sell down since the middle of last week, and so far no action indicating much of a bounce.  But, after the past few days a bounce may be due.

Then again it may be early next week before we get any bounce as that is when 2 shorter cycles bottom (22 day and 34 day cycles).  The 45 day cycle continues up to the end of the month.  If the 40.68 month cycle DID top then we now have 3 dominant long cycles (24 month, 40.68 month and 10 year) down.  The  one longer cycle that may provide some support is the 12 month cycle which should top around the third week of January.

IMO the sum of the cycles has now turned negative.  Time will tell.  Please do your own due diligence. Here is the SPY showing 3 of the shorter cycles:

For reference here are longer cycles mentioned above (previously posted):

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLNPaxny3JDR7jfrKikYzAlyaAO3Eu9GKJRwtt2Kf52nFmsERnyKS8OtaR2UDH_k1gPLwSJxbPrTy5qr8u4XJio2n4JNwVahQd1wKGWv_MxHk5XPnhfmCSo3pcjccavV-YgLNixzqSMrGA/s1600/1101-10yr-41-24mth.PNG