Potential Cyclical Trend Sell Signal is Defined

December 23rd, 2014
in contributors

by Erik McCurdy, Prometheus Market Insight

On Tuesday last week, we noted the development of a potential cyclical trend sell signal and indicated that the latest short-term cycle low (STCL) would need to form before the sell signal could be fully defined. As expected, the latest STCL formed on December 16 as confirmed by the cycle low signal that was generated today.

Follow up:

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Due to the direct, historic intervention by the Federal Reserve during the past several years, the current cyclical top is long overdue and it could form at any time. The currently developing sell signal is the strongest indication of a potential cyclical top since early 2012, so it will be important to monitor stock market behavior closely during the next several weeks.

We will identify the key developments as they occur in our daily market forecasts and signal notifications available to paid subscribers. Try our service for free. If you are a paid subscriber, login to read the full version of this commentary.

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