Building on my trend line, VIX, and AD line analysis. Trend held perfectly for the last cycle. Called a bottom of 2800, and wow hit it right on the mark! So, extrapolating this analysis to the coming week and then through the end of the month. I am not sure if the shorting of the cycle by 0.5-1 days is true or just noise. If it is true, then the pattern fits perfectly until the end of the month!!! Last two months end with a big drop. This pattern lines up perfectly for that.
Comment:
Just a follow up from last night. There may still be a half day or so of sideways before the potential bounce up. Morning market a bit flat and you can see that the valley is not quite as wide as the last time. It seems to be short by about half a day. It matches the valley on April 21st though. You may want to be patient this morning and look for an afternoon run.
