12-07-2011 outlook

How was that for a neutral bias as I opined?  Tested the upper end of the range I suggested, but not the lower end - so shoot me.  Hehehe 

Tomorrow the 20TD cycle is up and should top by day's end (or early Thursday).  The 40TD cycle is up.  The 10TD, 5TD and 2.5TD cycles are down.  No expected news I am aware of that should impact the market - so we will get news or a rumor that will roil the market (that is how it always works isn't it?).

I suspect the bias should be neutral to down tomorrow.  We have had several up/flat days since Nov 28 so we are over due a correction.  Besides we are trading above the level expected based on the 40TD's DPO (140 / 20 = 7 pts a day; 7 x 9 = 63; 1160 + 63 - 1223 expected level) and this will get corrected by moving sideways several days or a correction).

My interpretation of the SPX swing cycles:

GL traders.  Do your own analysis