Daily Update - 03/06/2019
Today's market action clearly indicate the impact of medium term down trending weekly cycles. See this page how our long-term weekly S&P cycles worked in the past (for years 2016-2018). An extrapolation for whole of 2019 covering when the weekly cycles would make their subsequent lows or highs is available for interested readers.
For tomorrow, the short term hourly cycles are up trending. However, a close below 2759 would invite test for 2750. If they are breached then lower lows are in the cards.
US Dollar Index futures pulled back to 96.70 today closing at 96.81. The trend and daily cycles continue to be up. However, there is still one more day left for short term cycle to bottom.