Confirmed Short-term Signal: Stock Market Cycle Analysis

| April 23, 2012

A cycle high signal was generated today, indicating that the beta high (BH) of the current short-term cycle likely formed on April 17.

A move below the last short-term cycle low (STCL) during the beta phase decline would confirm a transition to left translation and favor additional short-term weakness. Alternatively, a shallow decline followed by an extended alpha phase rally that moves above the last alpha high (AH) near 1,419 would be required to reconfirm right translation.

Category: Signals, Stocks

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