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Stock Market Enters Important Short-Term Cycle

Published 06/12/2013, 05:41 AM
Updated 07/09/2023, 06:31 AM

Last week, our cycle analysis identified the potential development of the latest short-term cycle low (STCL) in the stock market. On Friday, a cycle low signal was generated, confirming that a new short-term cycle is in progress.
SPX - 1
With respect to technical analysis, the uptrend from November remains extremely overextended and a break below key support levels would signal the likely start of a potentially violent overbought correction.
SPX - 2
This is an important short-term cycle and market behavior during the next several sessions could have a meaningful impact on the long-term health of the bull market from 2009.

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