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PPLT
Monthly cycle is 10 and 30 months. The next bottom of the cycle is next month. Platinum is currently going down.
The weekly cycle is 43 and 21 or 22 weeks. 43 weeks cycle will bottom the week of 6/30. So far there is no reversal on weekly chart.
Daily chart cycles are 120 & 30 days. The next daily cycle bottoms on 7/4. The market tried to reversed and reached the trendline, but could not break it.
Conclusion:
A long trade is possible around 6/30 - 7/4 if market bottoms, but it looks dangerous. Market is in a freefall.
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DBC
Monthly cycles are 17 and 51 months. The bottom of both is expected in June 2024. The trend is down. We are in the middle of the third cycle and we can go up for a bit, but not far and not for long.
Weekly cycles are 24 and 72 weeks. Market is beyond the middle of the both cycles. The weekly bottom is a week of 9/1/23. The market is in a trending range with a slight trend down.
Daily cycles are 17 and 51 days. The bottom of the first 17 weeks cycle was 6/26. The market did reverse, and it can go up for a few days, but that's all.
Conclusion:
Long trades should not be considered. The decline is not over.
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GBPUSD(@BP)
The cycles on monthly chart are 30 and 10 months. We are 1/3rd into 30 months cycle. The bottom of 10 months cycle is next month, but so far there is no decline. All is pointing up.
The cycles on the weekly chart are 33 and 11. Both started in May and we are in the middle of the shorter cycle. Market is in a correction, which may be over. The bottom of the cycle is the week of 8/4.
The daily cycles are 57 and 19 days. We completed 19 days cycle and should go up here. A long entry is required.
Conclusion:
I should take any long signal.
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NZDUSD(@NE1)
The cycles on monthly chart are 30 and 10 months. We are 1/3rd into 30 months cycle. The bottom of 10 months cycle is in July or August, but it is very likely that it is already bottomed. All is pointing up. Market should go up till the end of the year. The target is 70.
The cycles on the weekly chart are 31 and 124. A new cycle just started and the market is going up strongly. It is overbought, at upper band and may correct here. But afterwards it should continue its advance.
The daily cycles are 20, 40, 60 and 80 days. The bottom was supposed to be on 6/27, but advance was very strong and it may turn back up earlier.
Conclusion:
I should take any long signal.
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SPY
On Monthly chart all the cycles started in September 2022. They are 84, 42, and 14 months. We are in a bull market. The end of the shortest cycle is November and the market is 9 months of the shortest cycle. Considering that we were over 90 on CRSI and at both short and long-term upper band, I expect a correction into November.
On Weekly chart cycles are 66, 22, and 11 weeks. We are 7 weeks from the bottom of 22 weeks cycle, which is the week of 8/11. The market is advancing. All the cycles are in their second part, but the market is ignoring that. If it corrects into the week of 8/11, it should go up again and then a stronger decline into ther week of 1/12. That is not exactly matches the monthly chart. We should see which one works better.
COT is fairly stable at 66%. The big traders expect a correction and they don't want to commit fully. But they don't decrease their positions. The correction should not be anything major.
On daily chart cycles are 17 and 51 days. The market is in the second half of the both cycles. Bottom of 17 days cycle is 7/14 and and 51 days cycle's bottom is 8/8. Instead of correction into 7/14, SPY made a new high. It is very strong. The next target is 460. I don't know what to expect time-wise.
Conclusion:
A long signal if there is one should be taken.