XJO - so next week is an interesting and possibly historical week.
1) the week of the 18 Feb 2019 (I think I mentioned this week a few times previously) falls on the same cycles as the week of the 20 Aug 2018, 1 Oct 2018 and 10 dec 2018.
2) in particular the week of the 18 feb 2019 coincides with the week of the 10 Dec 2007 when backtested. The week of the 10 Dec 2007 marked the beginning of the waterfall plunge of the XJO during the GFC. it also marked the end of a bear market retracement.
3) The week of the 18 Feb 2019 also coincides with the beginning of the current run which started on the 8 Feb 2016.
4) in addition, we also had a doji at the end of the last week (week of 11 Feb 2019) marking what could be a wind of change.
5) we also have a trend line from the start of the cycle 8 feb 2016 which coincides with the potential top on the 4 Feb 2019.
So beware and be careful.
without the knowledge of the cycles and purely looking at the charts and the trading performance of the US markets on Friday together with the moving averages which are quite bullish we expect continuation upwards.
in my eyes and what the chart and cycle analysis is telling me, we could start to breakdown next week. of course I am an amateur who obviously got many things wrong before.
