Last month we were watching for a bounce, and this has occurred, lifting the market to new highs. We are watching to see where the Intermediate Term HIgh will be put in; keep an eye on the boundary conditions to see if the market pushes through them or not.
YET ANOTHER POSSIBILITY IF COORDINATED CENTRAL BANK ACTIONS ARE DELAYED THROUGH THE FIRST HALF OF 2014.
Market Road Maps, SPX Road Map
The chart of the weekly long term perspective above is the view we have been following in our inter-issue updates for some time now (June 6th 2013 first appeared in updates, see lower inlay). Note the long-term view in the inlay (top left). There appears to be a 7 year cycle between tops and bottoms […]
