In 2018, broad market indexes topped at the end of January, crashed and based over Spring, followed by mild and low-participation rally that managed to push S&P into nominal new highs. All that fizzled at the end of Summer and market, followed by economy, slid into double-dip recession which (hopefully) ended on Christmas Eve 2018.
Based on Advance-Decline statistics of NYSE, market exhausted itself on either August 29 or September 21, 2018 and went into cash buildup phase according to T-Theory.
Traditional placement of a center-post of the Time Symmetry (aka T) - into lowest reading of A-D for this cycle - produces 64 to 80 days of natural rally from the Low, projecting late April of 2019 High for Stocks. However, in recent years, this measurement had been inadequate - either pointing to a temporary pause in up-trend or to outright unremarkable period.
Surprisingly accurate results had been achieved by waiting for a Last low before the breakout of Advance-Decline line, although this judgement is quite subjective and open to interpretation.
Nevertheless, this Last low before the breakout of A-D line seemed to happened 3 days ago (last Friday March 8) and getting confirmation today (if it holds). Cash build-up phase for this T (appearing in green on a chart) is 114-130 days, projecting High in Stocks sometime in September 2019, with usual 10% margin of error...
... like I don't know that stocks always top and fall in the Fall...
... well, not always always, but typically they do...
...anyway...
