jd5584

jd5584

As per my previous post last week, ICL due 11/8/16, this still "feels" corrective (i.e. overlapping bars, no follow thru impulsive downside price action) and the Nasdaq continues to hold at significantly higher highs (note well above the 9/9/16 lows). Russell (RUT/IWM) shows broader market deterioration (i.e. fulfilling the cycle low prediction more cleanly). ...

jd5584

USO (Crude Oil ETF) has traced out ICL's (Intermediate Cycle Low's) roughly every 118-120 bars (TD's) or 171-174 (CD's). Note the swing lows on 02/11/2016 (coinciding with major stock index ICL's), 08/03/2016 and projected 01/20/2017 (next major ICL). Cycle high's have been a bit less predictive (represented by the dark green cyclic vertical lines). This past...

jd5584

UNG is potentially putting in another cycle low in this window. Note the red cycle line (cycle low time symmetry). The green cycle line depicts the cycle high window.

jd5584

Note the consistency in QQQ ICL high/low bar lengths. In late 2015/early 2016, 45 bars (TD's), from Feb 2016 thru Apr 2016, shifted to 49 bars (TD's), from Brexit low to early Sep high = 50 bars (TD's). Based upon this information, the "window" for the ICL is Nov 8-16, 2016. Relative strength of NDX/QQQ can be seen with the DCL that printed on Thur, Oct 13 well...

jd5584

Major ICL's roughly every 95 bars (TD's) since 2015. Significant Cycle Lows (ICL's) Sep 28, 2015, Feb 11, 2016, Jun 27, 2016 (notice the symmetry). Next ICL projected for Nov 8, 2016. The current structure since the ICH in early Sept has been very corrective (lots of overlapping bars, "rolling chop" and lackluster sideways action). The previous ICL in June...