BraVoCycles

NQ - Potential Inverse H&S Pattern

• NQ might be forming an Inverse Head & Shoulders pattern, in support of the green count
• The target will depend on the exact crossing of the neckline, but as you could see from 3 assumed crossings, the differences are small
• Notably, the shown speculative targets rhyme with cycle price projections

SPX - 3 Dominant Cycles

• I already presented a cycle composite when all "reliable" cycles are included in the cycle composite
• This chart shows the three dominant cycles on the daily chart
• 15W and 24W have already curled down, and 37W cycle will roll over in a few days.
• When all three point in the same direction, we get sharper price movement
• Of course, there are several other shorter and longer cycles that matter but these are most important ones