outlook for 08-18-2011

It is OPEX week, so anything could happen the next two days.  On the plus side though Barry is going to be on vacation and congress is out of town - so no one left in DC to screw things up. 

The shorter cycles bottomed today or early tomorrow.  The 34TD cycle, the 22TD cycle, the 11.2TD cycle, the 5.6TD cycle, the 2.8TD cycle now should all turn up.  So don't be surprised if tomorrow makes a move up above today's high.  Of course this assumes I have the cycles correctly positioned.

Here is the SPX:

GL traders.  Do your own analysis