Greetings from Australia, I think there may be more turmoil and sideways action ahead due to the current economic state, the FED adjusting rates, inflation news and the election. Lots to factor into a bounce.
Hi JB here. Cycle is bullish next week. Dow looks bullish, while Spx is more uncertain. I favor upside into Wednesday, but if bounce is weak we may get another leg down. Next 2-week low is around Aug.7
@@bigbud24 thanks ! I was just wondering if your analysis is based on strict adherence to fixed cycle length or whether you apply a "rule of variation" as espoused by Hurst.
