Potential Short-term Signal: Stock Market Cycle Analysis

| October 2, 2018

The advance today has caused one short-term cycle oscillator to experience a bullish crossover and a bullish engulf pattern has formed on the daily chart. A close above 2,933 on the S&P 500 index today would generate a cycle low signal and indicate that the latest short-term cycle low (STCL) likely formed on September 28.

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

Category: Signals, Stocks

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