10-20-2011 outlook

Nothing is ever certain in the market, but today added to the picture (one more data point) of a top that is rolling over.  If that is the right picture then I would expect a couple of moderately down days as the 22TD cycle and 20 week (Wall) cycle gain some downside momentum.  Then by Monday we get no plan (or a crappy plan) out of Europe and we could get a strong down day.  This is the picture I believe the cycles are suggesting at this time. 

Here is the SPX Swing cycles:

Gl traders.  Do your own analysis.