10-10-2011 outlook

We got a minor pullback Friday.  This was not totally unexpected after some strong up days. 

Monday we have the 2.8TD and 5.6TD cycles down.  We have the 11.2TD and 22TD cycles up.  So I am expecting these cycles to offset giving us mostly as flattish/sideways market.  This may offer some short term trading opportunities between 1145-1165.   I am looking for a chance to establish positions in QID around $48 and RWM under $33.  We will see....

Here is the SPX swing cycles:

GL traders.  Do your own analysis.