Potential Short-term Signal: Stock Market Cycle Analysis

| September 4, 2018

Following the cycle high setup that occurred last week, the decline today has nearly caused a bearish engulf pattern to form on the daily chart. A close below 2,884 on the S&P 500 index today would generate a cycle high signal and indicate that the alpha high (AH) of the current short-term cycle likely formed on August 29.

The magnitude and duration of the current alpha phase rally reconfirm the current bullish translation and favor additional short-term strength.

Category: Signals, Stocks

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