Potential Short-term Signal: Stock Market Cycle Analysis

| August 23, 2019

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 2,878 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 August 22.

The magnitude and duration of the last alpha phase decline signals the likely transition to a bearish trend and favors additional short-term weakness.

Category: Signals, Stocks

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