The yearly cycles purpose is to give time ranges for the largest of swings during a year, not the ephemeral daily fluctuations. Here is a recap of what was laid out in Jan 8, these are turn date ranges, not a prediction which way market is going into these dates. However If market goes up into a major date range, a reversal is to be expected, reverse for swing lows.
Its too early to say, but it looks like we are heading into a swing bottom in Mid June. However it can change, depending on which way we actually head into the Mid June range.
2014 Spx Yearly Cycle Turn Date Ranges
Late Jan, Early Feb // Market – Feb5 swing low
Mid March // Market – Mar7 swing high
Early Apr // Market – Apr4 swing high (so far)
Updated Cycle Vs. Spx chart
Heres the old Jan 8 post:
Life, like markets, offers the greatest reward to those willing to assume risk. Assuming risk brings uncertainty, anxiety and occasional loss, but it also brings out the best in us.
From Practical Speculator, by Victor Niederhoffer
Tick this low has usually resulted in a bounce, or a start of a meltdown
Es is setting up for a bounce
Vix Ts does not yet have a momentum sell setup, it was briefly above 1 though so we might see it retrace if Es bounces, ideally it will take another stab at 1 with a proper sell Vix setup to form.