No updates today

Have some appointments to deal with today, so I will be away from the market action. But here is a small note.

The only thing that makes me interested in the equities market here is our time cycle calculations longer term which showing some clear cycle top, coupled with the obvious technical negative divergences. Balancing against all of that the trend from S&P 865 or even more clearly the March low of 665 is obviously up and the subsequently larger cycles have up peaking in 2010 of the rebound in the bear market. We must remember simple charting 01, consolidation near the highs ‘should’ lead to a move higher.
It should be very interested here as we could make a marginal new high, personally looking for an area 1122-1134 and then we collapse which has a very high probability of happening.