Picasso Cycle Update

In this update only the date/s will be mentioned with an "H" for high and a "L" for low.
The chart amplitude can and will be misleading at times.
In addition, it is the date/s that is most important rather than if that date is a projected high or low.
One important reason is because in some cases a date may invert and the "H" or "L" may not mean anything.
A low may actually turn out to be a high and visa versa.
Also it is very important that other tools always be used to confirm any potential ST Cycle Date. 

Picasso Dates, always +/- 
Feb 13 H
Feb 16-28 L & potential some sideways chop (Feb 21 H, Feb 23 L)
Mar 3-14 H
Mar 20-28 L

Comments
Looks to have some chop between 2/20-2/28.  In this window there is a cycle high on 2/21 & a cycle low on 2/23.  From 2/23 it looks like the market goes higher into 3/3-3/14. 

Long term indicators appear positive, so far.  Negative divergence on many indicators have been broken very late last year and so they now suggest further upside.  So, if pullbacks develop into the Picasso cycle date Lows and daily indicators are OverSold, it may present a good buying opportunity.
In addition, LT cycles suggest a high around April +/-, low August +/- & high November +/-.  Always remember to confirm cycle dates with your or your professional investment advisors analysis.

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