11 Aug 2015 - 1618 Part II

1618 Days from the Mar. 2009 low was a good trigger.  But with any cycle study, it is harder to see how long or short this run could last.  The bears however can't start counting their money yet as prices are still being supported by the 200day MA. in the SPX.

There is a price pattern that could turn into an a-b-c-d-e triangular pattern, so watch for a possible rally if the pattern is true.  The so called start of currency war could under-mind the stock market as well, and based on the report posted by ZeroHedge, we could just continue going lower.  As I have mentioned before, the reason why one should not go against the trend is prices ability to accelerate which could just leave you holding the bag.  This is true 99% of the time unfortunately.  So do not think we are greater than the overall market and stay humble, and we should all profit from any move up or down.  Add to this a very illiquid market that has not been seen for a long time.

MT: DOWN
ST: UP
PA: DOWN

Bonus:
@GratefulTrades shared a TwiT