The Turning Point is Here

Everything is in alignment for the most important turning point in this market since the May top.

I know I might be sounding like a broken record this month but in hindsight you will see why.

The time factors in May produced the last serious turn in this market. Ever since then the volatility and volume have been slowly grinding to a halt. I’m not going to promise that changes tomorrow. Markets can stay dull longer than most people have the patience to stand.

But what I will say is that the data is very clearly telling us that we are in a time window that will be looked back on as a moment of significant change. Whether that change be immediate or more subtle is something only history will reveal.

The timing is here. Now let’s look at what the cycles are telling us.