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BraVoCycles
Editor of Market Twists & Turns — delivering unmatched stock, crypto, commodities, and forex analysis using a unique blend of Cycles, Cycle Price Projections, Elliott Wave Theory, plus technical & sentiment tools. With 30 years in financial markets, I help you anticipate turns, ride waves, and stay ahead of the crowd. Subscribe for real-time analysis and insights. Not a financial advisor.
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Joined on 25th February 2026
Vienna, VA, US
SPX Technical Analysis
1. The August peak was accompanied by notable divergences in the McClellan Summation Index ($NYSI) and RSI.
2. $NYSI, the swing trend indicator, is still pointing downward.
3. After breaking below the middle Keltner and the June high technical support with a doji candle, SPX bounced back to the middle Keltner.
4. This was a sort of mini bear trap.
5. Ideally, the next target is still the lower Keltner and the 50D MA.
6. Convincingly above the middle Keltner, SPX could target the upper Keltner.
XLI Cycles
- XLI is oversold on the daily chart
- Daily chart cycles indicate it is due for a bounce
- My guess is that it needs a B up and a C down into Q4'26
- Not oversold on the weekly, which shows a cycle trough in Q2'27, shared with the daily chart composite
- At this point, it is not clear whether the Q2'27 cycle trough will be a higher or a lower low.
