Potential Short-term Signal: Stock Market Cycle Analysis

| December 4, 2018

The decline today has caused both short-term cycle oscillators to experience bearish crossovers, and a bearish engulf pattern has formed on the daily chart. A close below 2,716 on the S&P 500 index today would generate a cycle high signal and indicate that the beta high (BH) of the current short-term cycle likely formed on December 3.

The magnitude and duration of the last beta phase decline reconfirm the current bearish translation and favor additional short-term weakness.

Category: Signals, Stocks

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