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 +/- 
Mar 3-14 H - high occurred on Mar 15th
Mar 20-28 L - possible low occurring in this time frame - Low occurred on March 27th
Apr 10-13 H (+/-) - high occurred on April 5th & later on Apr 10th
Apr 4/21-24 L (+/-) - lows occurred on April 13th, 18th, 19th, 21st
Apr 28- May8 H - highs on April 26th & May 9th...only 3 day correction, then grinded higher
May 21 L  - actual low 2 TD's early on May18
May 25-June 1 H - June 1 hit a high then grinded marginally higher to June 9
June 10-19 L - actual low June 16
June 28-July3 H - June 26th high near this time frame - DJIA high, so far, July 3rd
July 7-14 L - low was July 11
July 19-28 H - So far, SPY 7/27 H, QQQ 7/27 H, IWM 7/25 H
Aug 4-12 L  - low was SPY 8/11
Aug 8/18-23 H - highs were made on 8/16 & 8/22
Aug 30-Sept 7 L - a low was made on 8/29
Sept 13-22 H
Sept 29-Oct 5 L

Comments
The Picasso Cycle dates have been working well lately.  Let it continue !

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.
So far this forecast came to pass.  The August low was accurate.  Although September does not have a good reputation and the Picasso Cycle dates are forecasting a low Sept 29-Oct 5 +/-.
 
In addition, the LT cycles suggested a low in August +/-, which we had, & a high in November +/-. 
Always remember to confirm cycle dates with your or your professional investment advisors analysis.
The LT Cycle low suggested for August was shallow.  The DJIA high was 22,179 and the DJIA low was 21,600.   This was a 2.6% correction.  Not much, but, it was a correction as forecasted nevertheless.

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