Review of Picasso LT Cycles

From May 17,2017 post
Long term indicators appear positive, so far.  Negative divergence on many indicators were 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, the LT cycles appear to have shifted.  The LT cycles now suggest a high around April-June +/-, a low in August +/- & a high in November +/-. 
Always remember to confirm cycle dates with your or your professional investment advisors analysis.



Comments on the above
Since we are now past the middle window of a suggested high around April-June+/-, we are now watching very carefully for a breakdown on the Daily chart and a confirmation on the Weekly chart.
This will tell us "if "and "when" an August +/- low will happen or may happen.

*If this low does occur, based on other indicators such as, the Zweig Breadth Thrust of Nov.2016, the current Advance Decline Line highs, Sam Stovall's Jan & Feb Indicator, new Margin Debt highs, Picasso's Long Term Cycles, the AAII Bullish percentage dipped below 25,  then we "should" expect the market to be a buying opportunity.
The items just mentioned were discussed in detail in posts made over the last 12 months on the Blog.
  
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