We were down for the day on 09-22 and down hard. But what does tomorrow bring? It appears to me the 11.2TD cycle should bottom tomorrow by mid day. At the same time we have the shorter 2.8TD cycle and 5.6TD cycle topping and turning down.
So IMO we should show weakness earlier and may recover ground in the afternoon. We may see 1100 on the S&P and reverse. IMO that is the probable scenario. So intra-day volatility but not a lot of change by the end of the day.
Here is the SPX and the shorter swing cycles:
GL traders. Comments and views are welcome.
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