SPY 100 day chart

pqu

Just playing around SPY 100 day chart and see something interesting.  Nothing serious.  Just for fun.

It seems in past 100 days, three-week (14 or 15 working days depending on holidays) is a good cycle to maintain a pattern (no matter it is a rising wedge, falling wedge, M or W shape) before breaking out its trendline.  Ever since March 9, there were three rising wedges and were all broken down.  After the breakout, the market had short consolidations and was able to keep its direction, which makes perfect sense.  Today, after another three-week cycle, the market broke out the trendline again, but interestingly, upward.  Although we cannot rule out the most bullish scenario that the market will consolidate at current position for a couple of days before going north (and never come back), it seems more intuitive that this might represent a trend change.  However, even assume it is a trend change, we will still see higher high at least in this week and early next week (assume we are very likely going to have another seesaw cycle or maybe the first falling wedge cycle in the new wave).  The trend of current three-week cycle will become much clearer after the second week.  Holding cash or light long position might be a good strategy for these two weeks.

Again, the market will not march to south unless there are really negative news (or are interpreted negatively).  so stay tuned.

bigbadwolf

live or die, PPT will not give bear a chance at this juncture.

guoke

ding!
visual beauty of timely cycles.

cartier

xiaoxiaozhang

snowwolf229

nice work