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 +/- 
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  - a high was made on 9/14
Sept 29-Oct 5 L - a low was made on 9/25 (left translation of this cycle date)
Oct 11-17 H - up into 10/18 and high made on 10/23
Oct 10/24-31L  - Low on 10/25
Nov 11/6-9H  - High on 11/7
Nov 24-27L - Low was early on 11/15 and out of sync with the cycles 
Dec 3-9H - High on Dec 4, so far
Dec 25L 
Jan 7H
  

Comments:

Long term indicators appear positive, so far and the ADL is still making new ATHs.   The LT cycles suggested a low in August +/-, which we had, & a high in late November/early December +/-.   Well, we are now in this time frame and this is where we need to be careful and keep an eye on our indicators for any change in the trend. 
-Looking out into 2018 the Picasso LT cycles suggest a mid year low.  
-This also coincides with the four year Presidential cycle (2017-2020) where there is usually a low in the second year, (2nd yr is 2018), and a high in the third year, (3rd yr is 2019).  It is widely known that the mid-term years are the best years for the stock market.  (Keep in mind that nothing works 100% of the time!)
The "key" is to be able to recognize when the second year low is in and when the third year high is in. 


Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. 
This has been posted for Educational Purposes Only.   
Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results.