"Next week, in the early part, we may see some more weakness and consolidation until short-term cycles bottom. This should be followed by uptrend in later part of the week."
What happened so far this week clearly shows how cycles control price dynamics in financial markets across all time frames - not only shorter term (hours, days) but also medium term (weeks, months, years). Media can come up with news and stories after the fact explaining the price action. Below is a snippet of S&P daily cycle controlling the price and help us and our subscribers time the dump and pump. On a short term basis, there is some more time left in hourly cycle for uptrend to continue a bit further tomorrow as long as price holds above <SP_HT>.
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| S&P short-term daily cycle - 07/10/2019 |