The Virus had set the stock cycle quite accurate in the last 2 years.
It seems we have 2 intermediate cycle low in a year: 1. one of them is very severe and it comes at the beginning of the year ( highlighted by red arrow) This is also a yearly low and drops close to the previous year's normal ICL 2020.03.23. 2021.03. 05 . 2022. 01 .24.
2. the other one is "just" a normal ICL (highlighted by blue) 2020.09.21. 2021.10.04. 2022.09....?
The next "normal " ICL will be due only at the end of summer, most probably in September. So when the ICL is printed you just need start a long position . The chance is high we printed the lows yesterday. Notice the brutal volume we are having at these lows.
We had a similar setup in 2018 December. After the reversal candle on the next day we had a pullback where you could enter for the next ICL:
Use today's pullback for an entry:
Comentarios
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SPX500USD printed a swing low today. The 1.000.000 $ question will it hold by the close? There is still a possibility that the market sells off by the close …
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Swing low in place.
Operación cerrada manualmente
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The daily cycle is quite mature this is the maximum we are going to get , I’m closing this idea.
@Sonic_scheme, When he doesn’t comment, it means the answer to your question is YES.
RAZRus
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What do you think is going to happen next?
RAZRus
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Hey Arpi, Can you please give your thoughts on the current situation?
michaelkid_wang
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@RAZRus, When the trend is against his bluff, he ducks as usual.
bertcoin
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Last year you nailed the SPX, remember? We both chickened out on the next higher low pullback, the overall call and run of the SPX was good for the year as forecast. I think we need to retest similarly....
bertcoin
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Thanks Arpi! Nice to see your ideas again. I think we might have to wait until March for the bottom or bottoming action to complete, but in the big picture, we're close.