May 3rd – 1 step closer

 When it comes to cycle timing, every step does get us closer to our goal.


SPX DAILY  - WEAK. We will be on day 23 Thursday, and the markets moved slightly higher after Wednesdays FOMC Decision, and then sold off into the close. This still looks weak, I remain cautious.

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Tuesday May 1st

 I have been expecting this to be an active week, so as we approach FED Wednesday, lets review how Monday traded...


SPX - So far, the move out of the April lows has been weak and appears to be struggling at the 50sma.  With the daily cycle count ticking away, this needs to break above that 50sma soon, or it will get caught up in a sell off when the 'time' is up.


And don't forget this...

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