Seems I may have gotten back in sync with the cycles and which are dominant at this time? Looking at the SPX and the 22TD and 34TD cycles it appears the 22TD cycle may have bottomed (and at the latest should bottom Monday). The 34TD cycle topped 6-7 days ago and is down for the next 10-11 trading days into the end of July.
The DPO (cycle amplitude of the 22TD cycle is about 50pts over 11+ days. This is about 4.5 points a day to the upside next week (and into the end of July). The DPO of the 34TD cycle is about 60 points or about 3.5 points to the downside each day. So these 2 cycles provide about 5 points of upside for the week.
Next, I looked at the 65-70TD day cycle (13-14 weeks) and the 20 week (Wall) cycle. The 20 week cycle is down. The 14week cycle is up. So these 2 cycles like the 34TD and 22TD cycles will offset to a large extent. Looking at the DPO for the 14 week cycle it provides about 8.50 points to the upside for the week. The 20 week (Wall cycle) provides about 9 points to the downside for the week. So maybe 1 or so points of downside potential for these 2 cycles.
In summary the week looks flat and shows the potential to end 4-5 points higher for the week as I interpret the charts.
GL traders. As always, do your own analysis, Sideways markets can offer some decent short term trading opportunities - day trading or a 2 day trade. You will need to look at shorter cycles to try and get the best entries and exits.
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