Today was up more than projected. There are two things critical in making projections:
- Placement of the cycles
- Amplitude assigned to each of the cycles in the mix.
It appears the 5.6TD cycle bottomed 3 hours or so earlier than I had projected on my charts. The 11.2TD cycle topped around the same time. Since the 5.6D cycle has a larger daily amplitude and a shorter turning radius it seems to have had more of an impact. I wish I had a more precise method of determining swing cycle placement. At this time I don't, but will continue to look for a better method. If you have suggestions on this topic I would like to hear them.
So we have the 34TD cycle, 11.2TD cycle, and 2.8TD cycle down. Their combined amplitude is about 31.25 points (down). The 22TD cycle and 5.6TD cycle are up for a combined amplitude of about 30 points. So the total amplitude is slightly negative for tomorrow (-1.25 pts). I expect about 1-3 days of topping action here. Keep 'em guessing.
Here is the SPX swing cycles (my interpretation):
GL traders. Do your own analysis.
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