For past 2 weeks, we have been alerting subscribers of our paid service (doesn't cost a whole lot) to anticipate an interim top around the first week of May when medium term cycles top for S&P. This top came right on time confirmed in advance by our S&P, Russell 2000, and VIX cycle models. Just in the immediate past, our cycle work (see below S&P, Russell 2000, and VIX cycle chart) not only helped us and subscribers to our service to stay on the right side of the market in advance during the dump in Q3' 2018 but also the pump so far in 2019. If you are interested in our work and willing to give it a try then feel free to contact us using the contact form in the left panel.
 |
| S&P Weekly Cycles from 2016 to 2018 - plotted on 05/07/2019 |
 |
| Russell 2000 Weekly Cycles from 2016-2018 - plotted on 05/07/2019 |
 |
| VIX Daily Cycles - 05/07/2019 |
The anticipated low from hourly cycle was 2019-05-07 13:00:00 PST. The actual low in S&P happened just 30 mins before at 2019-05-07 12:30:00 PST after testing the strong pivot support around 2869. So far the decline has been 92 points from the peak. Now hourly cycles are up trending till <SP_Date_Hour>. S&P closed at 2884 (22 points higher from the low). VIX traded as high as 21.84 before closing at 19.32.
Daily trend is at <SP_DT1>. Hourly trend level is at <SP_HT1>. Only a decisive move above this level will lead to an uptrend. Possibly, price chop around here from oversold levels until the hourly cycle up trend time.
EURUSD daily and hourly trend level is at <EURO_DT1> and <EURO_HT1> respectively. Still on daily buy signal.
DXY futures daily and hourly trend level is at <DXY_DT1> and <DXY_HT1>. Still on daily sell signal.