Tuesday the SP-500 did trade up into the 1449-1456 projected window for shorting positions. The market did drop 12 points however it bounced back more than it would if the top window zone was a quality top. Notice how the highs of each hour did stall at the regression channel upper limit as expected. It looks like the market remains under the influence of a rate cut anomaly and is not trading as it normally would. The cycles are calling for a drop into the 50 to 62 percent retrace zone by Friday at 1413 to 1403. Projections for Wednesday, resistance from 1456 to 1459, support from 1436 to 1408. Sign up for email notification as some days I will post an intra day comment.
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