Walter Bressert Futures OnLine Using Cycle Trading Patterns to Buy Bottoms & Sell Tops in the Direction of Trend and at Trend Reversals
S&P Weekly
 

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The weekly S&P; looks quite a bit different than the NASDAQ. This index has been trying to drop into a 20-week cycle bottom, but the power of the NASDAQ has kept it in a sideways trading range.

The red timing band at the bottom of the chart indicates prices are ready to bottom, and an upturn in the oscillator followed by a rise above the high of the blue setup bar would be confirmation that the 20-week cycle has bottomed and is likely to be followed by a rise to 1400 as the next primary cycle tops in April.

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Walter Bressert Futures OnLine
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