As we move off last Thursday's 55 day cycle low in the stock market, we turn our attention to the next high. I think a good case can be made for a blast off into December, but there is a legitimate concern about an "energy expenditure" timeline into October 6th, a week from today. This is the trendline from the April low through the July low to the price horizontal of the August high, on constant 3 month forward SP futures using a geometrically neutral 5 day per week chart. (These are the parameters for my charts.)
In a bull market, sell signals do not always register in reality, as we saw this past summer, but one must give them the respect of awareness.
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