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 was later on 12/12
Dec 25L - Low on 12/26 then later again on 12/29
Jan 2-7H <--- adjusted the date
Jan 22L
  

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 past this time frame and this is where we need to be careful and keep an eye on our indicators for any changes in the trend in 2018.
-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. 


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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.