S&P 500 Primary Cycles.
As noted in the previous report, BEAR Patterns are appearing in markets right around the globe. What that means is that there is further weakness to come.
There are two plays coming into the end of the 3rd Quarter and the start of the 4th Quarter in October.
1. Short term buying and a retest of the August break out at 2027, which sets-up a perfect SHORT zone for the rest of 2015
2. the sell off continues from October and follows the break & extend pattern down to the 2015 lows @ 1777 and into the start of following Primary cycle low in 2016.
Therefore SHORT selling zones reside around 2027 & 17082 in the DOW....
I'd be reluctant to trade on the long side, even if it's above 1960, and look for short-trading opportunities using the 5-day patterns resistance zones, as clearly described in my book:- Market Trading Market Timing 'TIME PRICE SUPPORT RESISTANCE'
