SP500 Short Term Cycle Review - Updated
Unless the market changes its mind(da), so far the mid November sell off is benign, VIX doesn't care, ADVDEC is within testing bounds on the keltner channel (members know what I mean), metals are bouncing and volumes are light(see post on MSFT). Expect a risk on rally soon so say short term cycles.
We use our custom RTTHurstDPO to time price with the dominant cycle. The 36 and 10 period cycle are still statistically significant, and therefore deserve your respect.
It is a very strange market, trying to close positive for the year and help fund managers look good so they can bank bonus checks.