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S&P 500 New Weekly All Time High

By Lawrence Chan   on 2013 Jul 20 Sat 11:45

S&P reached its new all time high on weekly close basis. For the bulls, however, this is not good news.

The 19-year cycle projection is predicting that ES will enter a 3 pushes up phase on daily and then finishing this year with a very powerful selloff. The scenario has matched so perfectly so far, that we can expect a 2% cap over the May high as the potential top of this spectacular run since the flush low in late June.

Sometimes you have to be amazed how accurate seasonal behaviour can be. Various time-based models have entered short at the end of last week. Premium members can check out the seasonal chart for July.

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