NDX - Short Cycles
· Short cycles have been very helpful in the confusing market over the last 3-4 months.
· They work well in sideways, range markets, but could be largely ignored in trending markets when multiple long cycles are pointing in the same direction.
· Hurst nominal 10D, 20D, and 40D, 8td, 16td, and 29td cycles in NDX were exceptionally helpful.
· They are expected to peak early in the week; always allow some +/- tolerance around projected peaks/troughs.
· Overall, these three cycles suggest a choppy downside bias into early October.
