- 1365-1380 remains to be a harmonic resistance point Click for chart.
- volatility in the commodities and currency markets
- S&P 500 cycle confluence from May 23-28th
Thursday, May 19, 2011
Confluence of Cycles
The May 23-29th time frame could possibly usher in a cycle downtrend of significantly higher degree than most traders expect.
Gold. A brief rally could set up the 26th wave in the three peaks and domed house formation. If #26th does materialize, the ensuing decline could be of epic proportion.
Note: Updates will be limited until June 3rd.