Now you're finally back on track ;-) And I'm back, too.
I think we are now just getting started with a pullback of around 7%-8% from the top in equity-markets. After that, there might even be some more downside juice.
That is possible. It's also possible that the new cycle bracket is a negative one. It's also possible that the cycle is late. We'll have to see, but for sure, yesterday's price action was an expectation breaker for this bull market. Caution is advised now and it's more important to preserve capital than to make big returns unless the market can retake the 21 EMA.
I'm definitely on-board with preserving capital and staying neutral until price action tells us which way to go. Plus newsflow is rather bad with Avian Flu and war talk. So I will preserve capital first and foremost!!
The other low cycle I'm following is 153 cycle days which was the first measuring wave. (Not TD) October low to March low. (two 54 td counts). The next measuring wave was 1.5 extension of 153 cycle days. Approx 229 days. The count from the low from October 23 to now is 153 cycle days. That's why I am concerned, but will watch that 21 EMA and price action. Thanks so much!!!!!
Would swing setups that were discussed here for potential setups into April-May also be worth sitting out of also? Or are those more outliers to the general indices breaking down ?
Caution is advised and always trade with a stop-loss order that is congruent with your risk tolerance and timeframe. EWO and EWU have significant relative strength compared to the SPY and QQQ as they are both above the 21 EMA. EWO is still above the 10 EMA. EWY will probably wait for the election to trigger long, if it does. FXI never got above the $25 mark so it did not decisively break the downtrend line. It's also possible that the global indexes follow the US stock market and face weakness.
Keep this in mind...when the SPY is trending above the 21 EMA, the market is willing to give you money. If it is below the 21 EMA it will likely take your money.
Hey Cycles Edge team,
Now you're finally back on track ;-) And I'm back, too.
I think we are now just getting started with a pullback of around 7%-8% from the top in equity-markets. After that, there might even be some more downside juice.
Rock&Roll and cheers from Germany
Mathias
It's possible the 54 td low cycle came in as a high.
That is possible. It's also possible that the new cycle bracket is a negative one. It's also possible that the cycle is late. We'll have to see, but for sure, yesterday's price action was an expectation breaker for this bull market. Caution is advised now and it's more important to preserve capital than to make big returns unless the market can retake the 21 EMA.
I'm definitely on-board with preserving capital and staying neutral until price action tells us which way to go. Plus newsflow is rather bad with Avian Flu and war talk. So I will preserve capital first and foremost!!
The other low cycle I'm following is 153 cycle days which was the first measuring wave. (Not TD) October low to March low. (two 54 td counts). The next measuring wave was 1.5 extension of 153 cycle days. Approx 229 days. The count from the low from October 23 to now is 153 cycle days. That's why I am concerned, but will watch that 21 EMA and price action. Thanks so much!!!!!
I meant the October low which I think was October 27th.
Would swing setups that were discussed here for potential setups into April-May also be worth sitting out of also? Or are those more outliers to the general indices breaking down ?
Caution is advised and always trade with a stop-loss order that is congruent with your risk tolerance and timeframe. EWO and EWU have significant relative strength compared to the SPY and QQQ as they are both above the 21 EMA. EWO is still above the 10 EMA. EWY will probably wait for the election to trigger long, if it does. FXI never got above the $25 mark so it did not decisively break the downtrend line. It's also possible that the global indexes follow the US stock market and face weakness.
Keep this in mind...when the SPY is trending above the 21 EMA, the market is willing to give you money. If it is below the 21 EMA it will likely take your money.
thank you 🙏