with Anthony, ZigZag & Platy
Friday was certainly unexpected with many analysts including myself expecting a push down into July 2 – July 3. It is clear that the cycles have inverted and this time window will now be a high and complete the minor 5th wave before we head down again into mid July.
There is a tendency for the cycle progression charts to become inverted and then revert back to their normal cycles. If this is the case then we can assume that the July 2- July 3 high will result in a low around 10 – 11 July and then the possibility of a lower low in the 20-23 July time frame although at this point i would like to see how this high plays out first.
The S&P500 chart clearly shows that we are moving up into a minor wave 5 completion around 02 – 03 July with a targeted measured move around the 1380 area in confluence with the Andrews Pitchfork line and also the volatility band resistance line.
The Composite time cycle for the S&P500 shows that recent cycle inversion.
The Mercury News Cycle shows an earlier inversion with a dip into the 12 July.
The Natural Cycle.
Lastly the AstroCycle is showing that on completion of the minor wave 5 we should be heading downwards.
Both the USD and also the VIX are showing signs of moving into their final minor 5th waves before they turn bullish which is equities bearish sign. Marginal new highs could result in a fast and sudden break to the downside.