first attempt at blogging so will proceed slowly.
this daily chart of the SP500 indicates the nominal 5 wk and 2.5 wk cycle lows. we are approx 4 1/2 days off the last 2.5 wk low. we also have both the 5 wk cycle 1/2 span moving average and the 2.5 wk cycle 1/2 span moving averages trending higher, indicating that the sum of the trends of all cycles larger than 5 wks in length is currently up. the 2.5 wk cycles since the july low are showing right translations, also bullish. i expect higher prices on SPX short term.