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16 DAYS CYCLE on S&P500 december contract suggests that the market will move
higher from here. September 23 was the 16th. day of this lasting cycle.
Notice that this cycle is often inverted, alternating from high to low and
vice versa.
If this cycle persists as it has for a while now, then from September 24th.,
any trading above 972.30 will validate this theory of new highs. If it was
to trade at 955.90 or below then we could still be in a down trend. We
should adjust to whatever scenario that comes first.
With other calculations, we also arrive at the same conclusion in favor of
new highs.
I hope this could help in your trading in the coming weeks,
Jean Comeau
jcomeau@xxxxxxxxxxxxxx
http://www.cgocable.ca/trader
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