After last week’s failed call for a “relief rally” it becomes harder to accept bullish signals as seen in the McClellan Oscillator this week. There is the possibility of a micro-cycle high on/near Tuesday which gives the possibility of a 1-2 day rally but the next micro-cycle low is due June 29 which matches the Hybrid Lindsay forecast for a low near then which is outlined below.

June 27 - July 1 Low
Point E of a descending Middle Section on 4/9/14 counts 405 days to the high of the Basic Cycle on 5/19/15. 405 days later is June 27.
Point E of a descending Middle Section on 2/27/06 counts 1,890 days to the high of the previous Basic Cycle on 5/2/11. 1,887 days later is Friday, July 1 (US markets are closed on July 4).

Cycles
A monthly cycle low points to a low near July 6. A separate, slightly longer, monthly cycle points to a low June 29.

Lindsay Intervals
A 222 day interval (221-224) from 11/20/15 points to a turn in the period June 28-July 1.

Try a "sneak-peek " this month at Seattle Technical Advisors.com

Ed Carlson, author of George Lindsay and the Art of Technical Analysis, and his new book, George Lindsay's An Aid to Timing is an independent trader, consultant, and Chartered Market Technician (CMT) based in Seattle. Carlson manages the website Seattle Technical Advisors.com, where he publishes daily and weekly commentary. He spent twenty years as a stockbroker and holds an M.B.A. from Wichita State University.

© 2016 Copyright Ed Carlson - All Rights Reserved

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