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From a Delta perspective (my interpretation), I'm looking for this week, or the first half or so, to have an upward bias against a back drop (pressure) of downward pointing larger cycles on multiple time frames.
MACD compared to Stoch's also points to a potential upward bias this week...once again, with a backdrop of downward pointing cycles.
If we have not made the pending longish term low on 4/20 (1 day off projection) @ 1136.8 (I think unlikely), the next most likely spot would be around 6/10. Of course 1136.8 would need to be taken out to invalidate the previous low point.
Long and medium term cycles are fighting each other (out of phase...one making high the other trying to make low) and that is why the long term low would be expected to come in with the medium term low directly before or after the actual long term low point date of 5/21. There is a medium term cycle high with approx. the same date of the longer term cycle low, and that is why the most likely spot for the low to occur (if it has not already) would be at the next medium term low projected around 6/10.
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