outlook for 09-16-2011

Today was not as expected.  It seems clear that I am not correctly interpreting the data.  In looking at the chart I see a "W" which spans 11 days and should complete the right leg tomorrow morning.  So the span will be about 11.2 days.  the left and right half of the "W" is about 5.6 days.  This leads me to believe we may have the 5.6 and 11.2 TD cycles topping in the morning.  If true then I need to reevaluate the positioning of the swing cycles as the alignment may have changed.  I will try to do a more complete evaluation over the week end.

Overall though it appears that we should see a top tomorrow.  We will see.

Here is the SPX swing cycles with the "W" pattern highlighted:

GL traders. Do your own analysis.