| | | Give it a few days?
Copeland had a turn on the 14th.
I have a turn window from the 12th to the 19th. About in the middle now.
For the last two ~ years, we have had near perfect cycle highs a wee tad less than the standard 4.5 month. We are dead into that cycle high here, today. A window that is open for a meaningful high.
We will get a reaction, pretty sure of that, to the downside. It is where that goes that is really important.
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4 Month and a titch cycle highs.
In the longer term scheme this cycle high has high probability of being a major 18 mos high, which we cannot confirm until much later. But since a lower high, a bit bearish. Going back 3 cycles here. The Covid cycle high was a bit early. The 2022 top a bit late. If we have a major top here, this one then right on.
The cycle affectionados have focused in on the Covid low as a major 4.5 yr low, inferring the next big low in latter half of 2024. That remains to be seen, we have to be open. We should get a reaction low in late July of this year, 4.5 year off the 2019 low, awa a 9 mos low off the last low. Depending on the wave structure between now and then, we should be able to put more odds to where we are at and are headed.
OTOH if we plow on up through this, very bullish.
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