November 21 2014
Short term cycle is due Nov 22nd (plus or minus 72 hours). That means we are in the time window now for a turn. But the medium term cycles have implications.
Note there was an inversion on the RED short term cycle prior to the (top or bottom) of the cycle. Are we about to get another here as we arrive at the medium term cycle or is this red cycle too early yet? I don’t have a definitive answer to that. It’s just we need to be aware that things can get tricky here.
The highest odds (70%) is we peak anytime between now and the 25th and then pullback into Dec 6th region of time. In the middle is the potential to invert like the others have (25%) odds. The lowest odds is that prices keep moving up into December 23rd (plus or minus 2.5 weeks), but still must be considered at the moment. Resistance is 1205-1212 on the daily chart. Now we have to watch what this red short term cycle window does and look for clues.