My outlook (some upside morning, pull back mid day) was looking good. Then the afternoon happened. Never got the bounce I thought we might. Tomorrow morning it looks like the down side should continue at least thru mid day.
The shorter cycles (11.2TD, 5.6TD, 2.8TD) continue to dominate the market movements. The 2.8TD should bottom mid day tomorrow. The 11.2TD and 5.6TD cycles are down all day. So I expect lows early then maybe we settle in a range under 1100 for the rest of the day?
Here is the SPX swing trading cycles:
GL traders. I would not attempt to buy the dip tomorrow - late Wednesday early Thursday - maybe?
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