VXF weekly:
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VXF weekly:
VXF daily: The index closed above the 10 and 20 dma today..... The 50 dma is up next! It has had trouble holding above that level all year.... I will probably head back to cash around that level.
VXF daily: Trouble at the 50 dma..... The overall trend remains down..... Classic Bear Market action....
Weekly Swing Low
Stocks closed above the declining 10 day MA on Thursday then delivered bullish follow through on Friday to signal that day 19 was an early DCL.
Stocks printed their lowest point the previous week, which was week 36, placing them very deep in their timing band for an intermediate cycle low. Stocks formed a weekly swing low this week. Only 1 time in the last 13 years did an intermediate cycle exceed 32 weeks. So the odds are high that this weekly swing low signals the new intermediate cycle. We still need to see a close above the declining 10 week MA in order to label week 36 as the ICL. Stocks are currently in a weekly downtrend. They will remain in their weekly downtrend unless they can close back above the upper weekly cycle band.
https://likesmoneycycletrading.wordp...y-swing-low-2/
Gold Miners: Odds improving for a possible bottom in play!
https://www.sunshineprofits.com/gold...percent-index/
Before Friday's move up!
Jun 24, 2022 Gold Stock Doldrums: Key Tactics Now Morris Hubbartt 321gold ...inc ...s
Silver:
Hmmmm.....
Where are we in this bear market?
The "correction" is now at a median level
https://themarketear.com/
VXF weekly: The 200 week MA is up next, but as was pointed out by the cycle dude -"We still need to see a close above the declining 10 week MA in order to label week 36 as the ICL.+
We shall see!
Stock market update: Stocks have bottomed
https://www.youtube.com/watch?v=vFK1kQe8xvk
SevenSentinels Retweeted
CyclesFan
@CyclesFan
Jun 25
Next week will be critical for $SPX too. If it closes above the 10 week MA an early weekly cycle low on week 16 will be confirmed and it will retrace 50-62% of the April-June decline. Another rejection at the 10 WMA will likely lead to a decline to the 200 week MA in July.