The video in this report is only accessible to members
The video in this report is only accessible to members

Thursday’s drop in Equities into Europe’s close proved far more decisive in steering the short-term direction to more bearish than what markets showed in recent days and both SPX and QQQ violated recent consolidation lows on Thursday.   The key catalyst revolved around the ECB’s hawkishness and specifically Lagarde, who warned that “We Will Not Pivot” Peripheral rates spiked, and this directly coincided with both Eurozone and US Stocks turning down sharply.  Overall, today’s decline gives more proof of upcoming consolidation in Equities over the next week, but believe that Eurozone stocks likely could be more negative than US and should underperform on a pullback.  Near-term, this break of 3900 is a negative, and could drive SPX down to near 3700 on weakness.  

The video in this report is only accessible to members

80-day cycle for SPX likely points down into January

The strongest cycle this year revolves around the 80-day trading day cycle for SPX.  This has pinpointed most of the highs and lows this year and suggests that markets are peaking out now and should fall into January, followed by a spike into mid-February.

This cycle below involves simply the 80-day, not the composite which I typically like to share.  Yet, the strength of this...

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