I have this last week as the 10 week low from an 80 week low in August (SPX). If I am correct that the secular bull of the last 8 years is nearly over, we should see a classic Hurst ‘double hump’ pattern, with no right translation; i.e., a marginal rally this week and a decline into the 20 week low due in January.
If rally extends past this week at all, the 20 week will be right translated, and it’s back to the cycle drawing board for me.
Hindenburg Omen: More clustered signals in last two weeks on BOTH the NAZ and INDU than in any other time this year; all previous signals had follow through. This signal has had excellent confirmation this year.
Best regards to the board.