Today is a Reversal/Reversion/Rally Day. Ready for it?
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My cycle patterns suggest today is a Reversion/Reversal/Rally day. I know it may seem strange to think that the US market may rally today after the CPI/PPI inflation data and the pending Fed rate increase - but it is what the cycle patterns say it is.
Remember, these patterns originate from a date 3+ years ago and just tell me what to expect from price on certain days. I read them like words making up a sentence. Multiple bullish cycle patterns suggest a broadly bullish price trend. Multiple bearish cycle patterns suggest a broadly bearish price trend.
Today is a Reversal/Reversion/Rally day. If we see a big rally in the SPY today - I will be content that my cycle patterns are really nailing these daily market cycles/setups.
I mean - where else can you know what is likely to happen weeks or months in advance of price actually DOING IT?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.