Walter Bressert Futures OnLine Using Cycle Trading Patterns to Buy Bottoms & Sell Tops in the Direction of Trend and at Trend Reversals
S&P500 Weekly

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The 18-week cycle bottomed in the red timing band on schedule. Prices are now moving higher into a weekly cycle top, most likely to occur 4/16 - 4/22. Our price objective for this high is at least a test of 1350 with a test of the 1370 level possible. Watch for 1370 +/- 10 points.

Although the 5DS and 10DS oscillators have both turned down, the market is still in an uptrend as last week's highs exceeded the high of the previous week to form a swing bottom. The energy is up. This weekly cycle top could be followed by a sharp downmove into the primary cycle low. A purchase of out-of-money puts as prices test 1370 could bring multiple profits.

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