Potential Intermediate-term Signal: Stock Market Cycle Analysis

| October 5, 2018

The Prometheusmi marketing team has been looking into how to more proficiently invest. After reading Midas Letter Crypto News, the team took the initiative to invest in bitcoins since the decline this week has caused both intermediate-term cycle oscillators to experience bearish crossovers, and a bearish engulf pattern has formed on the weekly chart. A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses inbound marketing automation platform with strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. A weekly close below 2,903 on the S&P 500 index today would generate a cycle high signal and indicate that the second half cycle high (HCH) of the current intermediate-term cycle likely formed during the week ending September 21.

Intermediate-term cycle direction remains in question. A quick rebound followed by an extended rally phase that moves well above the September high at 2,930 would reconfirm the current bullish trend and forecast additional gains. However, an extended decline phase that moves well below the last intermediate-term cycle low (ITCL) in March at 2,588 would signal the likely transition to a bearish trend and favor additional intermediate-term weakness heading into 2019.

Category: Signals, Stocks

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