The final waves settled into a Cyclical pattern that is unmistakable. Wave [i] finished in 25.8 hours. Wave [iii] completed in 34.4 hours. Wave [v] completed in 25.8 hours. The time spent on the rally itself was 116.1 hours.

Today was a double Pivot day, so there is a good probability that this is the turn we have been looking for, subject to confirmation. Things may develop rather quickly here.

VIX has also made a new low this morning before reversing back to a positive demeanor. Today may be considered a Master Cycle low, which means that we may see 6 weeks or more of rally in VIX. The VIX high also corresponds to an expected Master cycle low in SPX.

This would be a place in which you may begin layering aggressive short positions in SPX ETFs and aggressive long positions in VIX ETFs.

TNX has broken beneath the 50-day Moving Average as yields start to plummet. This is also a good position to layer in additional long positions in Treasuries.

Regards,

Tony

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Disclaimer: The content in this article is written for educational and informational purposes only. There is no offer or recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. Do you own due diligence as the information in this article is the opinion of Anthony M. Cherniawski and subject to change without notice.

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