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The State of the Trend

By: George Krum | Friday, January 5, 2018

The SPX closed 1% above our 2017 year-end high target posted here on January 1, 2017. Throughout the year, the index followed closely the 1 x 1 angle, and changed direction at anticipated cycle turning points.

Year 8 of the decennial cycle is mostly bullish with a notable weak 30 year cycle. 2008 offered the most extreme example of such weakness.

The bullishness of years ending in 8 has to be tempered by the fact that this is the second longest rally on record in the last 120+ years. And while there’s no law prohibiting the current rally from becoming the longest on record, the odds of a sizeable correction increase with each passing day.

To help guide us through the rest of 2018, we’ve prepared the chart below, including yearly pivot lines (horizontal lines) and cycle turning points (vertical lines):

By George Krum

Author: George Krum

George Krum
www.citdates.blogspot.com

George Krum is the author of the "CIT Dates" blog, and the following apps:

OddsTrader - combines the power of Hurst Channels with proper risk and position size management. For a web version see OT Signals below.

Gann 9 - the only financial app that allows users to effortlessly apply the legendary W.D. Gann's tools and methods for trading (including the Square of 9).

OT Trend - helps you quantify and forecast the seemingly random ebb and flow of stock, index or mutual fund movement.

OT Fibonacci - automates the process of applying Fibonacci numbers, ratios and time series to any security.

OT Seasonal - allows you to perform seasonal analysis on practically any security from around the world, and to build long-term forecasts and models.

OT Pairs - pairs trading, one of the most successful hedge fund trading strategies, is now available on your smart phone.

OT Pivots - combines the power of pivot lines with cycles to provide you with concise technical analysis and powerful trading signals.

OT Signals - a web app accessible from any browser, tablet or pc. It gives buy/sell/hold ratings for any instrument from around the world, and defines the trend and support/resistance levels.

Copyright © 2011-2017 George Krum