SPX 65 minute cycles

I've taken a fresh look at the cycles for the 65 minute SPX chart. Frequently at major turning points, the time cycles invert, highs become lows and visa-versa. Also over time the cycle intervals may drift, as well as expand or contract a bit and I've found that major turns can provide a "reset" point. That's what I'm showing here, no guarantees, but the next few days look good for a turnaround (or a downside acceleration midpoint ;-( We'll see, what happens.

Time cycles on the SPX 65 Minute Chart
This is an updated chart, the previous one had missing data
Click to enlarge


Here is another set of charts with 15% and 30% bands on the 200 bar moving average, You have to back a ways over the last several years (2003) to find an instance where the lows are 12% below the 200 day moving average. The spike lows in 2001 were about 22% below the 200 day moving average. The worst of the bottoming low, in July 2002 was a bit less than 30% below the average. Most of the time, even when the SPX is trending strongly one way or the other, a 12% channel will contain most of the price behavior.

This is not to say we cannot make lower lows, either now or next year, but that we should expect the Index to move back above the 12% channel which, at this moment is roughly SPX 1100.

SPX 65min chart with 15% and 30% bands on the 200 Bar Average
Click to enlarge
SPX Daily chart with 15% and 30% bands on the 200 Day Average
Click to enlarge

1928-1976 SPX Weekly chart with 15% and 30% bands on the 40 Week Average
Click to enlarge - (Big Chart Warning)