10-03-2011 outlook

Friday was red as expected.    The 5.6TD  cycle bottomed near the close it appears and the 2.8TD cycle topped.  So we have the 2.8TD cycle down.  The 22TD cycle is near a top (by Thursday?). The 11.2TD cycle is down. 

So we have the 34TD cycle, the 5.6TD cycle,  20TD cycle is up.  The 2.8TD cycle and 11.2TD cycle is down.   So we get largely offsetting forces.  But, I expect we open up, pullback mid day as the 2.8TD cycle bottoms and then moves up into the close and closes the day green. So a volatile day with a modest up move is my best guess.

Here is the SPX swing cycles: 

GL traders.  Be careful as the market is volatile and can turn on a dime.